Click to play videoNew Delhi: Leading financial adviser and Chairman of Soros Fund Management, George Soros, arrived in New Delhi on Monday for his first-ever visit to India.
In an interview with TV 18 MD Raghav Bahl, Soros endorsed the Indo-US nuclear deal. "The Indo-US nuclear deal is good for India and is a one of the subjects that I want to focus on when I am here," he said.
Soros said, "It is good for India to have the American influence rather than the Russian influence." He added that Indo-Soviet ties are detrimental to India's economic development.
During his week-long visit, Soros is also expected to meet CEOs and officials from the commerce ministry. A meeting with the Prime Minister Manmohan Singh is also likely.
Soros, one of the world's richest men, has already invested close to Rs 100 crore in stakes in three leading real estate players — Ansal Properties & Infrastructure, Unitech and Anant Raj Industries, Soros.
However, Soros did not comment on whether he is going to make any investments in India, saying his portfolio was managed by professionals.
Citing the example of India and China, Soros explained how the economics of a country is influenced by its political forces. "India is a democracy and China is not. When you don't have a good political system and if you have a financial crisis, it is likely to turn into a political crisis. That is what happened in Indonesia," he said.
On Tuesday, he addressed a session organised by FICCI and Shri Ram Centre for Industrial Relations and Human Resources. The event also saw the release of his book titled The Age of Fallibility: Consequence of the War on Terror.
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