Veteran investor Jim Rogers sounded bullish on India amid the period of global uncertainty, stating that the South Asian economy is one of the places where he intends to invest.
Rogers, in a conversation with NDTV Profit on Tuesday, expressed growing confidence in India’s economic direction and maintains a positive outlook for the country.
“In the last few weeks for me, India has become more reliable. Delhi, for the first time in my investing life, understands economics. I understand that prosperity is good and I want to invest in India now in a more permanent way,” the 82-year-old said.
“Something has happened and I hope I am right. India is going to be much more exciting if this assessment is right,” added Rogers, who is also the co-founder of Quantum Fund.
His remarks comes at a time when Indian stock markets have shown a resurgence following the correction seen earlier this year. The NSE Nifty 50, India’s frontline equity market index, has reclaimed 24,500-mark and has narrowed the gap with its September-high to only 6.5%.
