New Delhi, April 16 (IANS). Veteran investor Dr. Mark Mobius passes away at the age of 89. They were always bullish on India due to its young population and strong consumption.
The billionaire businessman, who runs the Mobius EM Opportunities Fund for Emerging Markets (EM) fund, believed that with the ongoing reforms and policy continuity, India could become the third largest economy in the times to come.
In a recent conversation with IANS in February this year, he said that with the young population and rapid urbanisation, India is creating a huge pool of consumers besides increasing exports.
Pointing to India’s strong growth momentum compared to other major emerging economies, Mobius said the India-US trade agreement will further expand and strengthen trade between the world’s two largest economies.
“Young population, rapid urbanisation, high consumer growth and strong exports will enable India to sustain high growth rates,” Mobius had told IANS.
According to Mobius, he is not surprised by India’s continuously rising ranking in the list of the world’s largest economies. The veteran investor had said, “I am not surprised that India is climbing the rankings of the world’s top economies. Under the visionary leadership of Prime Minister Narendra Modi, the population of 140 crores is now eager to reclaim its rightful place on the global map.”
He further said that the kind of GDP growth India is seeing will soon help it become the third largest economy in the world.
Mobius said, “Despite global uncertainties, the country is registering a growth of 6-7 percent, which shows the strength of its economy. This will help India climb the ladder of economic growth.”
He also said that India’s recent trade ties with the EU played an important role in motivating the US to speed up its agreement with India.
When asked whether Prime Minister Modi was successful in securing a favorable deal from the US because of his cordial relations with US President Donald Trump, Mobius said the deal was worked out by teams of negotiators from both sides.
“However, the friendly relations between the two leaders certainly helped smooth the process,” he told IANS.
Mobius said that India also has the potential to become the second largest economy in the world.
An official statement issued by his firm said, “Dr. Mark Mobius, renowned investor and pioneer in the field of emerging markets investing, passed away on April 15, 2026 at the age of 89. Dr. Mobius was recognized as one of the earliest investors in emerging markets. He was known for investing in markets that were often ignored by global investors.”
“Mobius Investments partners John Ninia and Eric Nguyen will assume responsibility for the firm. The firm will continue to operate with no changes to its investment approach or daily operations,” the statement added.
–IANS
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