Tuesday, April 5, 2016

Mistake to think that Governments can outsmart the markets

Just leave the markets and the economy alone. It is very difficult to invest in India, especially for foreigners. It is very difficult for foreigners to buy and sell stocks in India. 

Likewise for currencies, bonds and commodities. That apart, it is very difficult for anyone to buy and sell anything related to agriculture in India, as there are massive regulations/restraints/controls. Most of these make things worse for India. The government needs to get out of the way. There are plenty of smart Indians in the country but the government thinks they’re smarter than everybody. They even think they are smarter than the markets but they’re not.

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