Marc Faber: Emerging Economies are becoming more important relative to the rest of the world

Marc Faber: In general, investors realize in the world that we are in a changing environment where emerging economies are becoming more important relative to the rest of the world. So we have to, from time to time, rebalance portfolios into emerging economies. Now I am not sure that I would necessarily buy the Indian market right here, but even if India only grows at 5% or 6%, it is still much better than no growth in Europe and hardly any growth in the United States.- in ET Now