Indian stocks can correct by 20 per cent: Marc Faber to Economic Times

"The problems for India are Indians themselves. The country needs a leader like Narendra Modi, but he needs to implement the reform policies. In my view that has hardly improved because of horrendous politics, bureaucracy and corruption. Reforms may rather disappoint. That's why I said that we are witnessing the beginning of a market correction. The expectations from reforms may meet with disappointment because they have been very high. I don't see foreigners meaningfully increasing their exposure to India." .. 

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