Berkshire’s Ajit Jain Comments on Indian Insurance Market, Japan, and Succession Issues

The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett’s arrival in Bangalore today. Mr. Buffett’s trip to India coincides with the company’s entry into the Indian auto insurance industry through Berkshireinsurance.com, a majority owned subsidiary that has a direct sales strategy similar to Berkshire’s GEICO division. Read this article for more details.

Stephen Roach on China, Japan, and India

The Economist interviewed Stephen Roach, Chairman of Morgan Stanley Asia. In the interview, Mr. Roach comments on the need for China to increase domestic consumption which is a step that many have recommended in recent years. In order to accomplish this goal, Mr. Roach believes that the Chinese people need to have more confidence in their overall level of security when it comes to unemployment, pensions, and health care. The interview also covers lessons learned from Japan’s long downturn and prospects for India’s economy over the next several years.

Read this article for more details and the video.

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