February 21, 2018

Mark Mobius bullish on Indian economy and markets

Mark Mobius is bullish on Indian economy and thinks growth rate will surpass China sustainably if the reforms continue to kick in. He also finds Indian equity markets attractive after the recent correction and appreciated government’s move to impose long term capital gains tax.

He said that valuations are stretched globally and markets are at a high point but if the earnings keep up, stretched valuation could continue. He also said that bull market lasts longer than the bear market. He is bullish on the consumer space and underweight on telecom companies in India.

Read more at https://www.thehindubusinessline.com/markets/mark-mobius-bullish-on-indian-economy-and-capital-markets/article22799709.ece

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