Marc Faber : If you look at the total pool of money in the world that is floating around, there is little money that has been invested in India. India is a huge country; in terms of population; they will overtake China in a couple of year’s time. The government in India is horrible but it is also horrible elsewhere in the world and that is the problem. So India does not standout as the worst government in the world, others are not much better.
Others maybe better in public relations than in India but they are the
same. But at least in India compared to China, you have world class
companies that are well run, that have strong growth potential because
they have quasi monopolies so they can expand in India in retailing,
manufacturing, distribution and pharmaceutical. The markets are not yet
saturated, so overall I believe in investing in India. On Christmas I
said that I did not increased my positions in any Asian markets except
India. At that time it was November-December 2012, and I also increased
my position interestingly enough in Iraq because the market in Iraq is
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.