Marc Faber: India Unjustly Underowned and Ignored
Marc Faber believes there are opportunities in India, which has been largely ignored as investors focus on China.
In the year to March 2009, India added 125 million mobile phone subscribers! And whereas Indian auto sales are tiny compared to China’s vehicle sales (running currently at an annual rate of over 12 million units and up over 90% year on year), they are nevertheless up 39% year on year, with an annual rate of 1.6 million sales.
Faber goes on the describe the challenges facing India and ways to invest in the country at the source below.