Jim Rogers Lauds PM Modi, Says Delhi Now Understands Economics

Global investor Jim Rogers believes Prime Minister Narendra Modi has "done lot of good things", and New Delhi has finally begun to understand economics.

"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" Rogers said, while speaking to news agency IANS.

Speaking about the Indian prime ministers, Rogers noted that Modi has "said a lot of good things and "done a lot of good things".

The Singapore-based investor is the chairman of Beeland Interests Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index.

Roger's remarks comes in the backdrop of India being viewed as the world's fastest-growing economy. The International Monetary Fund expects the country's gross domestic product to grow by 7% in fiscal 2025. In the same period, it expects India's retail inflation to decline to 4.4%.

Roger's comments comes days after similar comments from another prominent investor Mark Mobius, who views Modi as a potential recipient of the Nobel Peace Prize.

"By the way, his role internationally, I think, will grow in importance going forward because he is able to have a dialogue with all sides of the political spectrum globally, and he could become a very important peacemaker going forward,” Mobius said, while speaking to IANS earlier this month.

Modi is "very well qualified to be a key mediator in the world today", he had added.