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Legendary investor Jim Rogers tells Firstpost that India’s long-term growth story remains promising, citing a potential shift in the government’s approach towards wealth creation and successful entrepreneurs.
Legendary investor Jim Rogers sees significant long-term potential in India, saying a government that encourages wealth creation and supports successful entrepreneurs could bring about a major transformation in the country’s economic prospects.
In an interview with Firstpost, Rogers said he was encouraged by what he described as a changing attitude within the Indian government towards successful people, arguing that such a shift could benefit both India and the global economy.
“Everything I read coming out of India is that the government seems to understand that it’s okay for people to be successful. It is good for people to be successful,” Rogers said.
He added that Indian governments had historically been opposed to wealthy and successful individuals, but the apparent shift towards encouraging success could prove significant if sustained.
“For many years Indian governments have been against rich people. They didn’t like successful people. But now what I read is that in the Indian government, they want people to succeed. They want India to have successful people,” he said.
Rogers described the potential change as a major development for the country, while clarifying that he does not currently own Indian shares.
More from Business“I do not own shares in India at the moment,” he said, even as he reiterated his positive assessment of the country’s long-term prospects.
India’s long-term growth story
Rogers, known for his global macroeconomic outlook and commodity-focused investing philosophy, said India’s large population and pool of talent underpin its long-term potential.
“India’s one of the largest countries in the world right now, population-wise. Lots of very, very smart Indians. Lots of very successful Indians. So no, I see great potential in India,” he said.
He stressed that government policies encouraging people to succeed could be an important factor in unlocking that potential.
His comments come amid a broader debate over India’s relative performance against global equity markets, particularly as investors assess the growing influence of artificial intelligence-linked companies and technology stocks on global market returns.
While Rogers did not offer a specific assessment of whether India’s comparatively limited exposure to major AI-driven stocks explains its relative market performance, his remarks highlighted a different dimension of the investment case: the country’s long-term economic potential and the policy environment for wealth creation.
For investors, his comments underline the distinction between a country’s economic growth prospects and the immediate attractiveness of its stock market. Rogers’ positive view of India’s potential does not, by itself, amount to a current investment endorsement, given that he holds no Indian shares.
Ultimately, he said, a government committed to helping people succeed could make a substantial difference to India’s future.
“Oh, what a gigantic change, and how wonderful that will be for India and for the world,” Rogers said.
