Jim Rogers : Don't see any profound changes in the Budget
In an interview with the Indian Economic Times investment guru Jim Rogers was asked his opinion about the Indian equities , bonds the government and the economy in general :
Q :What is your view on Indian equities, are you bullish?
A : "Whenever a new Budget comes out what you need to do is sit down because some industries are going to benefit from whatever happens and obviously that’s the area where one should be bullish. Some industries are going to suffer this happens every time there is a Budget.
Yes, I would be bullish on the things that are going to benefit I would not be bullish on the things that are going to suffer they talk about deregulating retail I hope he does it, I hope and he does it finely. He talk about deregulating oil, I hope they do it finely. They talk about helping banking I hope they do it.
They are building infrastructure in the rural areas. This is great for India if they do it straight for the agricultural sector, if they do it, this is the place where you make a lot of money in the Indian stock market or if there is a collapse, you lose less."
Read Full Interview
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