What Jim Rogers said about investment opportunities in India
On an optimistic note, Jim Rogers hinted at his intention to reinvest in India and highlighted the positive changes in the country's economic posture. He said that while the company had previously exited the Indian market too soon, he sees great potential for future growth.
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The veteran market analyst is optimistic about India and said he would invest in India again. “After many years, I realized that India is not too prosperous and not too successful. Positive changes are happening in New Delhi. I sold my investments in India too early. I will invest more in India because it has a bright future,'' he said, according to the Financial Chronicle.
The investor has previously praised the insights he has gained into gold and silver from the Indian market. In an interview with NDTV Profit, the Singapore-based American billionaire mentioned how his views were shaped by observing Indian women's strong preference for these metals. “When I visited Indian markets, I noticed Indian women who had large amounts of silver and gold. They taught me a lot about these metals,” said Rogers, 81. said.
Jim Rogers talks about President Trump's US economic policy
Jim Rogers has expressed concern that high tariffs, part of Donald Trump's “Make America Great Again” campaign, could backfire domestically. Economists have warned that such tariffs could lead to trade wars, disrupt global chains and trigger inflation. Also read: Jim Rogers' investment advice amid 'extremely bad' US recession predictions Mr Rogers shared his views on trade restrictions and said President Trump's approach would have the following impact: . adversely impact the U.S. and broader global economy; He stressed that the United States is already dealing with the inflation problem and that the central bank has not yet solved it.
Looking back at times of economic turmoil, Rogers said investors tended to look to safe-haven assets, which is why they prefer commodities such as gold over the dollar.
“Trump's 'America First' policy will not only harm China, but the entire world. Trade restrictions are bad for everyone. Not good for the world or for your country,” Jim Rogers wrote in the Financial. He was reported to have said that. “The United States already has economic problems, including inflation. The central bank is cutting interest rates, but the inflation problem is not solved yet. The trade war will get even more intense,” said Jim Rogers. .
“The United States is in huge debt. If Mr. Trump tries to solve our economic problems, he will make a mistake and that will be bad for the world. It will affect the whole world and we will have the biggest recession in history. ” warned Jim Rogers.
Also read: Is a 'very bad' recession coming soon for the US? A warning from investment guru Jim Rogers
“America should work to reduce spending and debt. It should not restrict trade with China, India and other countries. Trade restrictions would make the situation even worse,” he added.
Known for his contrarian approach to investing, Jim Rogers has written several books on global investing. He is a proponent of commodity investing and has a track record of predicting major economic trends, and his views are highly regarded in the financial world. His views on the U.S. economy and global markets often reflect his belief in the value of diversification and prudent investing, especially in uncertain economic times.
