Billionaire Srichand P Hinduja, chairman and chief executive officer of the Hinduja Group, is convinced that India will not be too adversely impacted by the Wall Street crisis and would withstand the shocks that will come its way in the wake of this financial tsunami.
He also believes that India would be able to avail itself of the opportunities that lurk within all this chaos, particularly because of its burgeoning consumer market.
Sitting in his plush Washington Harbor penthouse overlooking the Potomac River, Hinduja, in an exclusive interview to India Abroad, the newspaper published in five editions across the US and owned by rediff.com, said, "Initially everyone will get the hit because the US is still the leader in the financial market be it in terms of volume, size, or products, and no other country or currency can take the burden of what the US has of the world, particularly in the financial sector."
But, he argued, "In the long-run, India has a great opportunity. It will be able to sustain as the country is not in the same kitty as others."
Read on to find out why and how India can sustain itself...
Image: The US Capitol Building (Inset: S P Hinduja) | Photograph: Melissa Golden/Getty Images
Also read: Why Lehman Bros went bust; what it means for you
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