Mad Money Mailbag: Passage to India

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.

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What is your overall opinion of investing in India? I'm looking at two banks in particular: ICICI Bank(IBN Quote) and HDFC Bank(HDB Quote).

-- Bill from Texas

James J. Cramer: I believe the Indian economy has the potential for above-average growth over the next several years. That said, I'm less bullish on the country's banks, because of recent interest rate hikes.

Some of my other favorite Indian investments include Rediff.com(REDF Quote) and Reliance Industries.

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Great call on Amazon(AMZN Quote) yesterday! Is it time to get back in?

-- Connie from California

James J. Cramer: I am still in no rush to recommend Amazon after the decline. I'm unimpressed by the company's revenue growth and I don't believe the margins are looking very good. This could be another situation, like cable, where the consumer is the big winner.

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I know you endorse speculating with a small part of one's portfolio. What do you think of Krispy Kreme(KKD Quote)?

-- Phil from Staten Island

James J. Cramer: You must be new to my show because I must have said 1,000 times that I would sell Krispy Kreme. The product is incredible, but I just can't rely on this company to get its act together.

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Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.