Monday, March 2, 2015

Marc Faber is chairman of the India Capital Fund

I am the chairman of the India capital fund and so I invested in India already over the last two years and the India capital fund, because it was overweight banks, last year was up around 50 percent. 

So I am not inclined to buy right now although I think that the market could finish the year somewhat higher when it all depends also on foreign investment flows and on foreign economies and ideally as I mentioned before that the global economy is not healing, but it is slowing down largely because of a very meaningful slowdown in China.