Jim Rogers praises India-US trade deal, eyes long-term gains in gold & silver

The India–US trade deal has sparked renewed optimism in Indian markets, with equities rallying on expectations of stronger trade flows and economic growth. The agreement, which slashes tariffs on Indian exports and opens avenues for US crude imports, is being seen as a major boost to India’s medium-term growth trajectory and enhances sectoral opportunities.

Investor and author Jim Rogers described India’s policy shift as “dramatic,” emphasising a positive outlook for the market.

“Well, India is making dramatic positive changes from what I read. So, I am more enthusiastic about India than I have ever been in my life. I have always been enthusiastic about the country, but the politicians were never very smart. It seems now Indian politicians know what they are doing. It is good for India. It is good for the world," he told ET Now.


Despite concerns around high equity valuations, Rogers is keeping a close watch for buying opportunities.

“Well, the Indian market made all-time highs recently, so I do not own shares in India, but it is certainly a place that if things go down, if things get cheap, I hope I am smart enough to buy shares in India again. It can be very exciting.”

On timing his entry, he added, “Well, it depends on if they go down. I like to buy low and sell high. I like to buy when things are depressed. Things are not depressed in India right now. If you can tell me when they will be depressed, I will tell you when I will buy.”

While equities react to the clarity brought by the trade deal, Rogers sees long-term potential in precious metals.

Despite the sharp price swings in gold and silver, Rogers affirmed his long-term belief, saying, ‘I am not buying gold or silver right now since both have been going straight up. But I am not selling either. If prices fall, I hope I am smart enough to buy more. Everyone should own some gold and silver.’

He also highlighted structural factors likely to drive prices higher over the long term: “Gold and silver are both going to go higher over the next few years because the world is running up huge debt and printing lots of money… The world is going to have gigantic needs for gold and silver in the next couple of decades.”

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)