KKR sees India benefiting from U.S-China trade war [Reuters]
KKR & Co. Inc. (KKR)
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Source: Reuters
KKR sees India benefiting from U.S-China trade war | Reuters 3 Min Read MUMBAI (Reuters) - India can benefit from the trade tensions between the United States and China, Henry Kravis, co-chief of KKR & Co Inc ( KKR.N ) said on Wednesday, but he also said the country needed to cut back on red tape to attract more investment. U.S. President Donald Trump started a trade war with China earlier this year as his administration imposed tariffs on steel, aluminum and various Chinese products. Beijing retaliated with import taxes of its own on products such as American-made cars. “This (the trade war) is very positive for South East Asia and is very positive, in my view, for India,” Henry R. Kravis, co-CEO of KKR told journalists at a media roundtable on Wednesday. “As you (India) get better infrastructure, get rid of some of this red tape bureaucracy ... this country will benefit big time.” India rose 23 places to 77th in the World Bank’s Ease of Doing Business Index for 2019, up from 100th
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