Marc Faber : India Best Market in Asia

 Marc Faber :   If you look at the total pool of money in the world that is floating around, there is little money that has been invested in India. India is a huge country; in terms of population; they will overtake China in a couple of year’s time. The government in India is horrible but it is also horrible elsewhere in the world and that is the problem. So India does not standout as the worst government in the world, others are not much better.
Others maybe better in public relations than in India but they are the same. But at least in India compared to China, you have world class companies that are well run, that have strong growth potential because they have quasi monopolies so they can expand in India in retailing, manufacturing, distribution and pharmaceutical. The markets are not yet saturated, so overall I believe in investing in India. On Christmas I said that I did not increased my positions in any Asian markets except India. At that time it was November-December 2012, and I also increased my position interestingly enough in Iraq because the market in Iraq is very depressed.

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

Marc Faber : Growth potential in India higher than China

Marc Faber : Even if the global equity markets including India continue to rebound over the next couple of weeks, I do not think we will be making new highs. It's quite possible that for the current year we have already seen the high made recently. I would be cautious about buying equity including in India. The upside is limited from these levels; the Sensex may make marginal new highs at around 18,000-19,000, but the risk has increased and the days of big moves are over. I think markets will correct.
via www.business-standard.com

Marc Faber : on India vs China

Marc Faber :"India's long term economic growth should get supported by its huge and growing population. But in the case of China, after it's really incredible economic growth over the last 25 years, the country will slow down. For China, 10 per cent economic growth rate is not sustainable in the long run. India has been built up on much lower level of economic development and has the large growth potential. So far in India, infrastructure has not been put in place, I mean the country's infrastructure has improved but still needs to go a long way. And unlike China, the consumer markets in India are not saturated. For instance in China everybody already has mobile phones and refrigerators. But in India, markets are still not saturated therefore the growth potential is high probably for the next ten to fifteen years."
via smartinvestor.in

Marc Faber on Gold China India Japan and The Emerging Markets

Marc Faber Financial Times Interview 23 February 2010

Marc Faber says that he is still a gold bug especially when he sees the faces of Ben Bernanke and Geithner and the way they have been printing money lately , one can only be bullish on gold , Marc Faber expect that Asia will slowdown this year due to a slowdown in China , other resource countries like Australia Brazil will also suffer from the Chinese slowdown , there are today more mobile phones and cars in China than they are in the United States of America Marc Faber explains , China today exports more to other emerging markets than it exports to the developed economies , Marc Faber elaborate on the how he sees India and Japan markets ...

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber : I think to some extent, China is a bubble

Marc Faber I will be cautious about buying equity now

In an interview dated 19 February 2010 Jitendra Gupta of Business Standard asked Dr. Marc Faber the following questions (amongst others) regarding the so called Chinese Bubble and also how he sees the Indian Economy compared with that of China :

People are divided on whether China is a bubble or not. What are your thoughts?
I think to some extent, China is a bubble. Last year, total loans by Chinese banks increased by a quarter of the country’s gross domestic product. In addition, China has excess capacities across industries. Hence, I expect its economy to slow down considerably.

But, the bigger question is that, will it crash? To that my answer is, yes, that’s also possible. If you look at the economic history of the US from 1800 to 2000, they had lots of ups and downs caused by the financial crisis, Civil War, World War I, the Great Depression, and so on. I think there is a 99 per cent possibility that China will slow down considerably and a 30 per cent chance that it will crash.

If China slows, it will have a devastating impact on industrial commodity prices and on those who supply these.

What is your view on growth in India as compared to China. Which country holds more growth potential?
India’s long-term economic growth should be supported by its tremendously growing population. But, China is expected to slow down after the incredible economic growth it has registered in the last 25 years. Its 10 per cent GDP growth rate is not sustainable in the long run. India is yet to achieve long-set targets and, therefore, has a huge growth potential. For instance, infrastructure has not been put in place. Similarly, unlike China, the consumer market in India is not saturated.

Read Full Interview
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.