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Jim Rogers, Chiarman-Roger Holdings, Singapore and Wall street’s legendry trader was blunt in one his recent interviews regarding Indian economy. His classic statements and highlights were

• Indian currency is in a mess ; balance of trade is worsening
• India has very high debt and its debt/GDP ratio is continuously increasing which is a very bad sign for any economy
• Measures taken by Indian government to revive economy are hopeless
• The government has made so many mistakes that whatever happens now, is not going to help India

He classically summarises his view saying ”Indian government just doesn’t understand economics”. Period.