Thursday, August 22, 2013

India: The Government Does Not Understand Economics

"I am short on India because of the currency, and one of the reasons why I am making money is because the currency has gone down. I don't know what's going to happen to the world or to the Indian government. But I am judging Indian markets every day, every week, every month. So far, the government is making more mistakes and that's not going to solve the problem. Debt is going higher and the balance of trade is going higher as well. The Indian government just doesn't just understand economics." - in Economic Times

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).

India: Exchange Controls Are Bad

"The measures taken by the government are hopeless, they are making things worse. The measures for exchange control are bad, and the restrictions on gold are making things worse." - in Economic Times

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).

Nobody So Far Had Success By Printing Money

"I am worried about the global economy because this is all artificial money. Things are looking better because the world is printing money. All the major central banks including the US, Japan, UK are printing money. This is all artificial, and this is going to end badly, when it does. Nobody so far had success by printing money." - in a recent interview

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).

India: Advice To The Policymakers


"I would make the currency convertible, open up trade and investments, so that people can freely buy and sell in the markets, whether it's in the stock market, bond market or commodity market. I would cut the deficit and the government spending in India. I would start paying debt. I would revive agriculture. The government has absurd restrictions in agriculture. India has been, and should be, one of the great agriculture nations of the world. It has land, soil, water everything, if you see the population, there are very smart Indians. There are enormous regulations in the country. Somebody should get rid of these absurd regulations, absurd bureaucracy, and start all over again, so that India can be a great nation again." - in Economic Times



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).

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