Rogers: 'Hopelessly managed' India could suffer EM crisis

Legendary investor Jim Rogers has warned a 'hopelessly managed' India could experience a full-blown emerging markets crisis.

In an interview with Business Insider, Rogers said a crisis could potentially erupt in badly managed countries, citing India as an example. "Look at India. India is hopelessly managed and finally the wolf is now at the door," he said. "I do not know what Indian politicians are going to do, as they keep trying to blame everybody in sight except admitting their problems." India's GDP growth has tumbled this year, coming down sharply to 4.4% in the first quarter of its fiscal year, with the slowing growth, coupled with huge flows of capital exiting the county, pushing up financing cos...