Marc Faber : The problems for India are Indians themselves

The problems for India are Indians themselves. The country needs a leader like Narendra Modi, but he needs to implement the reform policies. In my view that has hardly improved because of horrendous politics, bureaucracy and corruption. Reforms may rather disappoint. That's why I said that we are witnessing the the beginning of a market correction. The expectations from reforms may meet with disappointment because they have been very high. I don't see foreigners meaningfully increasing their exposure to India. - in Economic Times


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.