Asked where he would invest if he had a couple of billion dollars to spare — in India, China, Mexico or the United States — Rupert Murdoch promptly answered, "India".
He said,"As against China, it has the rule of law. It's an infinitely complicated country. But it has a huge advantage over other developing countries. There is the rule of law and it does work."
Asked about China, he said China is "remarkable", "the disparities of wealth are incredible". "But you never know. If someone doesn't like you somewhere, your partner's in jail on Monday morning or something. You got no business. For safety, every time India. For opportunity, India."
The Indian Ratan Tata said he would rather invest in the United States.
Murdoch praised India again in a subsequent interview broadcast by Fox Business. He said:
They have the rule of law there. You know what you are doing. It's a very complicated country. Different languages, different castes, etc. But they are a very entrepreneurial people. They are hardworking people. They are very poor. They are looking for work. And, over and above it, they have the rule of law. If you are cheated by somebody, or a competitor or by the government, you can go to the independent courts.
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