In an interview with ET, Singapore-based Rogers, who co-founded Quantum Fund with another celebrity investor George Soros in the 1960s, got candid when he said he is buying India's stock index while staying away from gold for a while. Excerpts:
How do you rate the performance of the new government under Narendra Modi?
So far, Modi does not seem to have produced results, which we all expected him to do. He said a lot of wonderful things, but so far nothing has happened, other than a lot of public relations.
Do foreign portfolio investors share your view? What is the mood among these investors because their inflows have slowed in the last two months?
The mood about India is still somewhat exuberant because Modi is still very popular since the last elections. But some people havebegun to worry about how long this honeymoon period will go on.