“Normally, when markets move as per anticipation, one should sell as an expression in financial markets — buy on rumours and sell on news. If I were an Indian, I would probably sell into this kind of excitement. I am sceptical about India because I have seen Indian politicians for decades. Everyone knows that India has been badly managed for decades. There are concerns about inflation, trade deficit, high debt-to-GDP ratio. Whether Modi can solve all these problems, I don’t know, I am still sceptical. If India makes currency convertible and opens the markets to all investors, where anyone can bring money in and take it out, then only I would get excited.”
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