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%.

Tuesday, September 18, 2012

Doing Business in India Very Difficult for Foreigners

Jim Rogers : It's very difficult for foreigners to do business in India because India doesn't like foreigners and keeps them away. For instance, Walmart has many stores in China, but not a single fully-owned Walmart store in India simply because India doesn't like overseas businessmen. India needs to change its regulations, especially in areas such as agriculture. In India, a farmer can own only five hectares, which makes it difficult for him to make a lot of money. How can an Indian farmer who can buy only five hectares compete with a Brazilian farmer who can have 25,000 hectares? India is strangling itself with regulations and controls, which discourage capital formation. - 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%.
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 "
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