Thursday, March 12, 2015

Marc Faber feels optimistic on India economic growth

I think that Indian growth will be among the strongest in the world, along with maybe Vietnam and Cambodia. Will it be 6.5 percent or 6 percent or 8 percent, who knows? Also, GDP is not a very relevant statistic in my opinion. More relevant is GDP per capita in real terms, inflation-adjusted.

In general, if you can grow at just 4%, it’s a huge growth rate compared to Europe and the US. So, relatively speaking, I am positive about the Indian economy, but there is a lot of political resistance to implementation of the reforms at the pace Mr Modi would probably like to do and with the intensity he would like to do.