India not an emerging market but a very big market: Warren Buffett

BANGALORE: Billionaire investor Warren Buffett said he was looking to invest in large countries like India. Buffett heads Berkshire Hathaway Inc , which has substantial insurance and utility investments globally.

"I don't consider India as an emerging market , I consider India as a very big market," he told reporters. "We continue to look at large countries like India." Buffett said it would be more attractive if he could invest more than 26% in Indian insurance companies.

Buffett in South Korea on Monday said Berkshire Hathaway, which at the year-end was sitting on $38 billion of cash equivalents and last week bought US specialty chemicals maker Lubrizol for $9 billion, was looking for more large-scale acquisitions anywhere in the world. Billionaire investor Warren Buffett on Tuesday said the crisis in Japan would not stop growth in the world economy.

Buffett in South Korea on Monday said Berkshire Hathaway, which at the year-end was sitting on $38 billion of cash equivalents and last week bought US specialty chemicals maker Lubrizol for $9 billion, was looking for more large-scale acquisitions anywhere in the world.