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Henry R. Kravis, co-chief executive of KKR & Co Inc. (KKR.N), said Wednesday that trade tensions between China and the United States could benefit India. But he also believes that India needs to improve administrative efficiency to attract more investment.
Earlier this year, President Trump launched a trade war with China, announcing tariffs on steel, aluminium and other products imported from China. The Chinese government is also tit-for-tat, imposing tariffs on American-made automobiles and other products.
"This [trade war] is very good for Southeast Asia and, in my opinion, India," Kravis told reporters at a media round table Wednesday.
"When you (India) improve infrastructure and reduce bureaucracy and red tape... the country will benefit greatly."
India rose 23 places to 77 in the World Bank's Ease of Doing Business Index in 2019, thanks to improvements in access to credit and building permits.
Kravis also said that India's large youth population is a huge boon, and India needs to invest heavily in education, finance, health insurance and the environment.
"It's an opportunity for us people," he said.


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