India has the potential for "very rapid" economic growth over the next decade which will lift people out of poverty and allow the government to invest in health and education priorities in an "exciting way", billionaire philanthropist and Microsoft co-founder Bill Gates has said.

In an exclusive interview to PTI, Gates, the world's richest person, specifically complimented India's Aadhaar identity system and the country's performance in the financial services and pharma sectors.

The positive outlook by Gates for the Indian economy, Asia's third largest, comes at a time when it is reeling under major slowdown amid apprehensions that the cycle may last for a longer period.

"I don't have any knowledge about the near term, but I'd say over the next decade, there's potential for very rapid growth, which will lift people out of poverty and allow the government to invest in health and education priorities in a really exciting way," he said.

"... Everybody hopes that there's really good growth because the potential is certainly there for India to have high growth," he said.

Gates also hailed India's Aadhaar identification system as well as adoption of the UPI system.

"Well, in all of our areas, India's been a key place where we find innovators and financial services. It's fantastic the way that the Aadhaar identity system and the overall UPI system is gaining adoption, and there's some great lessons out of that work," he said.

"We partner with people like Nandan Nilekani to think, okay, how do the lessons from India apply to other countries for things like digital identity or financial services," he said.

Gates also complimented India's pioneering work in vaccine manufacturing, saying the country has made impactful contribution in improving peoples' lives.

"When people think of India, they think of the IT services and the great work done there. Less visible but certainly very impactful for improving the human condition is the great work done by the vaccine manufacturers, whether it's Serum, who's the largest, but a dozen others - Bharat Biotech, Bio-E, a number of companies," he said.

In the last one decade, the Bill and Melinda Gates Foundation has been working in areas of health-care, sanitation, agriculture and financial services for the underprivileged people in India.

The foundation's partnerships with Indian manufacturers have led to development of affordable efficacious vaccines which has enabled different countries to introduce these vaccines, said an official of the foundation.

CITIES INCLUDED IN VIDEO

1) MUMBAI, MAHARASHTRA

2) THANE, MAHARASHTRA

3) GANDHINAGAR, GUJARAT

4) GIFT CITY, GUJARAT

5) NOIDA, UTTAR PRADESH, DELHI NCR

6) KOCHI, KERALA


*******This EMERGING INDIA Video Covers*******

1) Mumbai City
2) Mumbai Skyline
3) Mumbai city skyline
4) Mumbai skyscrapers
5) Mumbai Drone Show
6) L&T Crescent Bay
7) Mumbai Night Drone view
8) Thane City
9) Thane Night Drone view
10) Thane Hiranandani Estate
11) Thane in Diwali
12) Thane aerial view
13) Gandhinagar, Gujarat
14) Mahatma Mandir
15) Dandi kutir
16) Gift City
17) Gift city drone view
18) Diamond tower gift city
19) Noida, uttar pradesh
20) Noida skyline
21) Noida skyscrapers
22) Noida city infrastructure
23) Buddh international Circuit noida
24) Noida metro
25) Kochi city, kerala
26) Tata Tritvum
27) Kochi skyline
28) Kochi infrastructure
29) Kochi resorts
30) Kochi Development

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