Jim Rogers : As I have said, India has a huge bureaucracy and the government is against foreign capital, but also because India has a very high debt-to-GDP ratio and it's difficult for a country with a high debt-to-GDP ratio to grow in a dynamic manner.
India's debt is growing higher and that means inflation is getting worse. All in all, India is badly managed these days. There are too many other problems. India must make the changes I have highlighted above because foreign direct investment is difficult in India.
The government can make India more attractive by removing the restrictions and controls, but, so far, it doesn't want to remove them. India is a wonderful country, but the government makes it difficult for investors. - in rediff
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%.
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