Thursday, May 22, 2014

Jim Rogers on India's problems

I hope some exciting things will happen going forward. One must remember, when Manmohan Singh came to power, he promised all sorts of exciting and wonderful things, but that did not happen for whatever reasons. I hope Modi does deliver on his promises because he has the power and the mandate. 

Everyone knows that India has been badly managed for decades. There are concerns about inflation, trade deficit, high debt-to-GDP ratio. Whether Modi can solve all these problems, I don't know, I am still sceptical.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.