India's ability to grow rapidly in economy, it will help people overcome poverty: Bill Gates

Bill Gates

• Bill Gates praised India's base system, financial services and pharma sector
• Gates is on a three-day visit to India to review the workings of his foundation
• Gates became the richest person in the world on Friday, defeating Jeff Bezos of Amazon

India's ability to grow rapidly in economy, it will help people overcome poverty: Bill Gates

The world's wealthiest person and Microsoft co-founder Bill Gates said that India has the potential to grow rapidly in the next decade. This will remove the poverty of the people and the government will be able to invest more in health and education. In an interview to a news agency, Gates praised India's Aadhaar identification system, financial services and pharma sector. Gates's response comes at a time when Asia's third-largest economy, India, is currently undergoing a recession and almost all sectors have seen declines in the past.

Gates said, "I don't know much about the recent times, but I would like to say that the next decade will be of India and its economy will grow rapidly during this time." Everyone hopes that there is indeed a strong potential for high growth in India. ”He lauded the Aadhaar identification system, saying,“ India is an important place where many of the best innovators are found. Services are being provided through Aadhaar and UPI in the country and it is widely accepted. It has seen many amazing results. "

I want to implement Indian digital system in other countries: Gates

He said, “We work closely with individuals like Nandan Nilekani. He has played a major role in providing financial services through digital identity in India. I want to learn so that it can be implemented in other countries. When people think of India, they think of IT services and the remarkable work done there. Improvement in the human condition is less visible, but the work done by them is certainly commendable. ”

Bill Gates has total assets of US $ 110 billion

Gates is on a three-day visit to India to review the workings of his foundation. On Friday, Bill Gates defeated Jeff Bezos of Amazon to become the world's richest person. His total assets are US $ 110 billion (7.89 lakh crore). Gates has so far donated over US $ 35 billion to the Bill and Melinda Foundation for poverty reduction and social development programs in various countries.