Marc Faber : It is a miracle that the Indian Economy has performed well, considering the quality of its Government

Why are you so disappointed with the Indian government?

Marc Faber : I am not very optimistic about India on the macroeconomic front, and it has to do with the government policies. The economic policies of the government are by and large a disaster; the government could have done more. The government in India, through its incredible bureaucracy, has retarded economic growth in the last 20-30 years by at least 3% per annum in real terms. It's a miracle that the Indian economy has performed well, considering the quality of its government. - in ET Now



Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.