Saturday, December 22, 2012

India: The Indian Bureaucracy Is The Worst In The World

If you can only visit one country in your life, David, I would urge you to visit India – there's no country in the world like it, from a visitors' or tourists' point of view. But as far as doing business, first of all, I've travelled the world, as you probably know, and I've seen a lot of bureaucracies. Well, the Indian bureaucracy is the worst in the world. They learned bureaucracy from the English, and then took it to a higher plane, even. It's a nightmare to do business there. They don't like capitalists, they don't like entrepreneurs. - in Motley Fool

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).