Investment guru and author Jim Rogers expressed optimism about India’s current position and its potential for future growth, provided the government continues to fulfill its commitments. Rogers, renowned for his expertise in commodities like gold and silver, spoke at the India Today Conclave 2024, stating that he sees India moving in the right direction for the first time in his life. He emphasized that if Prime Minister Modi delivers on his promises, India could surpass its current success.
While Rogers admitted to not currently investing in India due to the stock market reaching all-time highs, he acknowledged India’s positive trajectory. He highlighted his preference for silver over stocks, despite its decline from previous highs.
Regarding Bitcoin, Rogers expressed skepticism, stating he has never bought cryptocurrencies and expects them to eventually disappear. He advised those interested in trading cryptocurrencies to do so cautiously.
In terms of investment advice for Indians seeking substantial returns, Rogers suggested caution in the current stock market environment and instead recommended exploring opportunities in agriculture. He even encouraged individuals to consider farming, emphasizing its potential profitability.
Reflecting on the current state of various asset classes, Rogers cautioned against excessive optimism, noting that when everyone is making money, it’s often a sign to proceed with caution.
Regarding China, Rogers described its economy as “depressed,” attributing its struggles to the lingering effects of Covid-19 and the bursting of the property bubble. He warned that it could take several years for China to fully recover from these challenges.
