"A lot of opportunities in countries like India": Billionaire investor Warren Buffett

Billionaire investor Warren Buffett has said there are "undiscovered" opportunities in the Indian market, which his group's holding company Berkshire Hathaway would like to explore in the future. Buffett's comments came during Berkshire's annual meeting on Friday. Rajeev Aggarwal of US-based hedge fund Visionary Advisors, which invests in Indian equities, had asked him about Berkshire's prospects in India, the world's fifth largest economy.

Buffett said, "That's a very good question." I'm sure there are a lot of opportunities in countries like India," said Berkshire Hathaway co-founder, chairman and CEO. "However, the question is whether we have any edge or insight into those businesses in India. He said that more energetic management at Berkshire could take it forward.

Buffett (93) said that Berkshire has a very high reputation around the world. He said that his experience in Japan has been very interesting. Regarding India, he said, "There may be an opportunity that has not been discovered or has not been paid attention to... but it may happen in the future." Buffett recently said. Answered several questions related to some of the major investment decisions taken by Berkshire Hathaway. There was also a question related to reducing stake in Apple.

He clarified that this has no bearing on the stock's long-term outlook and that despite the recent downturn, Apple will likely remain one of his largest holdings. He also told shareholders that Vice Chairman Greg Abel and Ajit Jain have proven themselves to lead Berkshire after his departure.