Sachs Urges India To Avoid US Dependence, Embrace Emerging Markets

Jeffrey Sachs spoke about how the world economy is changing.

He said India should not depend too much on the United States.

Instead, he suggested that India work more closely with other developing countries, Africa and international groups such as BRICS.

Sachs believes India is growing very quickly and could become the world’s biggest growth story.

He said India and China have business opportunities but also serious political disagreements.

Sachs thought the recent meeting between Donald Trump and Xi Jinping was useful because the two countries avoided a bigger conflict.

He also said many investors are putting too much money into American technology and artificial intelligence companies.

In his view, some of that money could eventually move to India if US markets become too expensive.