Indian Economy Has Potential To Do Much Better Than China In Near Future: Jim Rogers

India will become one of the world’s most exciting investment destinations, says ace investor Jim Rogers. He believes India may even do better than China in the coming years.

Speaking to IANS, Rogers said, “For the first time in my life, I see that the people in Delhi understand economics.”

He praised India’s progress and said, “India’s rising again. The people in Delhi know what needs to be done and are trying to do it.”

Rogers further added, “If India opens up and trades with the whole world, it will become an exciting place for the future.”

He does not currently invest in India but wants to.

“I really want to invest more in the fastest-growing economy,” he said. “If the market drops and stays low, I’ll put more money in India.”

India will become the fourth-largest economy in 2025. Its GDP will rise to $4.19 trillion, overtaking Japan, says the IMF’s World Economic Outlook report.

Rogers also backed free trade agreements. “More free trade is better for the world and especially for India,” he said.

India has signed 13 free trade agreements. It is also negotiating FTAs with the EU, Australia, Peru, Sri Lanka, and Oman.

India and the UK have signed a major FTA, cutting tariffs on 90 per cent of trade lines. The deal reflects a shift in global trade strategy.

India is also reviewing its FTAs with South Korea and ASEAN to improve trade terms.

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