ET Now: The new government in India has been in office for four months now. The sentiment is still going strong. What is your view on the government's performance so far? Do you see positive policy changes or reforms finally going through?
Jim Rogers: Positive changes are taking place. We all extremely impressed by the things that he has said. But unfortunately, not much has happened on the ground so far.
I actually own a few Indian shares. So, from an investors' point of view, I would say that unless PM Modi comes up with something solid pretty quickly, there is going to be a lot more disappointment and disillusion.
After all, the markets have been up a lot because of perceived changes implemented by Modi. If some of these changes do not come soon, there is going to be a lot of disappointment.
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%.