"Cut spending and subsidies dramatically. Many studies have shown that countries start having serious growth problems when debt is 90% of GDP. India is now at 80% and will be at 90% soon under this budget. The subsidies distort the economy in less productive areas."
in Forbes India
Full Interview: LINK
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.