India is perhaps going to open its market to foreigners to make it easy for all foreigners to buy and sell shares in India. If India does that, that will make me to have to scratch my head and think a lot more about India. Indian shares are certainly not cheap and they have gone up a lot, but if they are finally going to make the Indian stock market open and accessible to everybody, that having to go through a bunch of hoops or a bunch of rigmaroles, that is certainly going to attract more and more investors to India. Now, they have to make the currency convertible, they have to follow through on a lot of things, but if India is going to do that, it would have to make me reconsider my views on India.
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.
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