The prospects for the Indian stock market

Marc Faber : I think we have a bear market in India, and it will go lower. But if you’re a long-term investor, each time the market drops 40 percent from the peak, you should start buying. You will then have satisfactory returns in the long run. Not huge, but satisfactory returns. The Indian economy, like the Chinese economy, has very favourable prospects in the long run. We’re starting from a very low GDP per capita in India – some $1,200 against $40,000 in the US. To go from $1,200 to $5000 is not difficult. But from $40,000, it’s hard to go much farther unless you print money.- in www.firstpost.com