Global financier George Soros recently visited India and spoke at the PanIIT 2006 conference at the Indian Institute of Technology and at a meeting organized by the Federation of Indian Chambers of Commerce and Industry and the Shri Ram Centre for Industrial Relations and Human Resources.
George Soros is a global investor and philanthropist with an estimated net worth of $8.5 billion. He is the founder and chairman of the Open Society Institute and the Soros foundations network. According to its website, the Open Society Institute (OSI), a private operating and grant making foundation, aims to shape public policy to promote democratic governance, human rights, and economic, legal, and social reform. The Open Society Institute and the Soros foundations network operate in more than 50 countries and have an average total expenditure between $400 million and $500 million a year combined.
“You are in a boom economy, in a booming financial market,” Mr. Soros said. “It’s the role of the authorities to prevent the boom from becoming excessive, to avoid overheating (of the economy). India should be careful of capital inflows but it should make rules conducive to attract foreign direct investment.”
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