Monday, September 11, 2017
Marc Faber : India can Grow at 5% for the next 10-20 years
“For me, if India can grow at 5 per cent for next 10-20 years, that is a fantastic growth rate. But most Indians, they think their country should grow at 8-10 per cent. Forget it. Five per cent is a fantastic growth rate in a world burdened by high debt. For India, burdened by bad debts, 5 per cent is a fantastic growth rate,”
“The sentiment about India is relatively optimistic. The market has relatively performed well. We are not interested in the next six months but next 20 years. US is not going to grow much. People will look more and more towards Asia as having a bright future, though not problem free,” Marc Faber said on Friday .
“In terms of new industries, we have so many global companies out of India and China, which didn’t exist 20 years ago. We have global players from Asia. The long term outlook is fine. Though, in my view, China’s markets are relatively depressed,” he added.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki