Jim Rogers : Trading guru quits India, says Modi not doing anything new

Commodities trading guru and hedge fund manager Jim Rogers has sold his holdings in Indian companies and exited India because according to him NDA government has failed to live up to investors’ expectations. During an interview given to a media house he had said - "India has very high debt-to-GDP (gross domestic product) ratio—it is higher than many countries. Studies have shown that when countries have a high debt-to-GDP ratio, it is difficult to grow at a reasonable rate. I don’t really see much going for India right now except Modi, who is not doing anything."