The Indian stock market has been witnessing a lot of growth for a long time now. In the last days itself, the Indian stock market had crossed the magical figure of 60 thousand. Due to this many people are coming forward to invest even more in the stock market. Meanwhile, America’s famous investor Mark Mobius has claimed that India’s stock market will see a boom for the coming 50 years.
Mark says that he has invested 50 percent of his funds in the stock market of India and Taiwan. China’s market is falling a lot, due to which he preferred to invest in a country like India. Mark says that he has preferred the stock market of India and Taiwan because of the huge fall in the stock market of China. In an interview, Mark said that for the coming 50 years, India’s markets will see a boom, although the effect of recession can be seen in between.
Mark believes that India today stands where China stood 10 years ago today. Due to the rule of bringing uniform laws in all the states, India will get a lot of benefit in the long term. Mark Mobius is the founder of Mobius Capital Partners. He says that due to China, while India’s markets are being affected globally, on the other hand, the market growth of countries like India is going up.