Wednesday, September 25, 2013

India: Full Of Bureaucracy, Regulations & Controls

“In 1980, India was much, much more successful than China. Since then, China’s run circles around them. Did you do it to India, did I do it to India? No. The Indians did it to themselves. They’re full of bureaucracy, full of crazy regulations and controls. Their currency’s not convertible — it’s a mess.” - in CBS MarketWatch

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).