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India’s stock market has not been immune to the sharp falls seen elsewhere, but long term investors are still pretty happy.

The markets jumped 18% in 2014 with investors optimistic about what the Narendra Modi government would do for the economy.

Among those buying in was Jim Rogers, a high-profile US investor and co-founder of the Quantum Fund – a hedge fund which in its heyday managed billions of dollars for some of the world’s most wealthy people.

But Mr Rogers has just sold his investments in India, so the ´óÏó´«Ã½â€™s Sharanjit Leyl asked him why.