ET Now: Has your stance changed on India because of the slew
of reforms that we have seen and do you see the recent announcements
call for a rerating of the region?
Marc Faber: Not
necessarily. While the government has announced some reforms, there is a
huge execution risk in India. A lot of implementation is still to
happen, and it will be interesting to see as to what extent they will be
implemented and their actual impact on the economy. At present, there
is high level of economic activity in India as well as China and
Southeast Asia, but India is not growing anymore. Hence, I will take a
relatively cautious stance towards the Asian markets. - in Indian Economic Times
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