Monday, June 1, 2015

Marc Faber was refused Tourist visa in India

To achieve meaningful growth, India has to curtail the power of bureaucracy. 

I had applied for a visa to come to India in January this year, but was refused one. They said that because I am the chairman of the India Capital Fund, I should apply for a business visa. But I was coming here as a tourist.

India has the right intentions to simplify the ease of doing business. But if you look at the numbers, India is not high up there. [India was ranked 142 out of 189 countries by the World Bank Group in 2015.]