By Daily Crux Editor Sean Goldsmith:
Jim Rogers says China and Sri Lanka are better investments than India, even after the Congress party's recent election.
India's benchmark Sensitive Index (Sensex) rose 17% on May 18 on speculation that Manmohan Singh's victory will expedite economic reforms, but Rogers isn't convinced anything will change... "I've heard the same thing for the last 30 years."
"You've got the wind in your face doing business in India, you've got the wind in your back in China," Rogers told an Economists Conferences forum in Singapore. He sees "great, cheap" opportunities in Sri Lanka due to "dramatic" changes in the country after the end of the war.
Myanmar, aka Burma, also has "enormous" potential due to its location next to China and India and its natural resources. Rogers doesn't have any investments there, and will not until he cons some oppressive Burmese general into giving up control.
Read full article...
More on Asia and emerging markets:
JPMorgan predicts big emerging markets rally
Foreign stocks booming: Asia at 7-month high
A safe way to double your money in stocks this year