Jim Rogers: India has the worst bureaucracy in the world. I really wish India had gotten rid of some of its bureaucratic tangle. I would really like the markets to determine what happens in India, or for that matter, in the world.
I expect sugar prices to be near their low at these prices. I expect prices will go higher. Things in India might be better if the government gets out of the sugar market.
Raghuram Rajan is one of the better central bank governors in the world. But I do not say the RBI is good. I am just saying that it is less bad than other central banks.
Will the RBI Governor cut more rates? I do not have a clue. I am sure it depends — at least partially — on political pressure. It is also going to depend on what happens with the Indian economy and with the coming budget.
I am optimistic that agricultural prices will continue to rise for some time to come.
If the Budget 2015 comes in with sound economics — with spending changes, tax reforms, subsidy cuts, maybe labour reforms — then the rupee may go higher and continue to be a strong currency.
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%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "