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regular-article-logo Thursday, 05 December 2024

Soros ally Rogers supports Modi, expresses optimism about country’s growth trajectory

The market guru told news agency IANS that while central governments in India have for the last several decades talked about doing a lot of good things, they never really meant it

Our Bureau Mumbai Published 29.11.24, 10:44 AM
Jim Rogers

Jim Rogers The Telegraph

Veteran global investor Jim Rogers lauded the economic policies followed by Prime Minister Narendra Modi on Thursday, while expressing optimism about the country’s growth trajectory.

Rogers is best known as the co-founder of the Quantum Fund in 1973 with Modi-baiter George Soros.

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The BJP and Soros have a hostile relationship. Soros was one of those accused of being in cahoots with Hindenburg Research.

Singapore-based Rogers is now the chairman of Beeland Interests Inc and the creator of the Rogers International Commodities Index (RICI).

The market guru told news agency IANS that while central governments in India have for the last several decades talked about doing a lot of good things, they never really meant it.

He, however, pointed out that in the last couple of years, things have drastically changed under Modi’s leadership on the economy and the stock markets front.

Rogers added that he would love to re-invest in the country.

“You know, for many decades, Delhi has talked about a lot of good things, but they haven’t really meant it. I never had the feeling that Delhi understood the economics and understood what should happen.

“But now, for the first time in my life, I think Delhi understands and they mean it and it’s going to get better,” he told the news agency.

The Reserve Bank of India (RBI) has forecast that India is likely to see a real GDP growth of 7.2 per cent in 2024-25.

Soros occupied headlines after the allegations made by Hindenburg against the Adani group in February last year.

He had said in Germany that Modi would “have to answer questions” from foreign investors and Parliament on allegations the Adani group is facing.

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