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Why Buffett Bailed on India (bloomberg)


Liberty
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I don't have much disagreement with much of that Bloomberg article, but Berkshire's decision seems all to do with not being able to get enough business. FWIW, my experience with them in India wrt to a rate quote was prompt and courteous. They would've set the bar really high, if they'd hung around.

 

http://www.thehindubusinessline.com/industry-and-economy/banking/berkshire-india-to-stop-online-sale-of-insurance-products/article4797836.ece

 

The decision to close down the online distribution portal is due to the tough economic environment here and the lukewarm response from Indian consumers to buying insurance products online, it is learnt.

 

Best,

Ragu

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