Jim Rogers : India not a place for Business

Jim Rogers : "If you can only visit one country in the world, visit India,"
"It is a complete assault on your senses. Amazing natural beauty, diverse peoples and cultures, wonderful buildings and temples. It is a complete sensory experience for sight, smells, tastes. But never, ever do business there. The Indians have taken British administration and red tape and moved it three levels higher. It is impossible to do business there because of the regulatory environment and protectionist rules.""Take agriculture for instance," Rogers says, "In India, there are land ownership rules in place that limit land ownership to five hectares. If there are ten sons in a family and each have five hectares, how can 50 hectares of land be productive? That's why India will never develop. The regulatory environment and protectionism needs to change." - in The Gulfnews




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.