Prime Minister Narendra Modi praised renowned global investor Mark Mobius for his strong confidence in India’s economic growth, citing his recent comments on the country’s long-term potential. Speaking at the NDTV World Summit, Modi highlighted Mobius’ recommendation that global funds allocate 50% of their investments to Indian markets. Mobius had previously expressed his intent to invest equally in the US and India over the next several years, emphasizing that India’s growth is not just short-term, but a long-lasting development.
Mobius also acknowledged that while other nations, such as China, might become attractive in the future, India’s economic rise would persist for years. Modi emphasized that this sentiment reflects the broader confidence of international investors in India’s thriving economy.
Modi further highlighted that India’s government has initiated massive infrastructure projects worth $108 billion and approved the construction of 30 millions new homes for the underprivileged in just 125 days. Amid global challenges, he emphasized India’s positive trajectory, noting that the country has emerged as a beacon of hope in uncertain times.
India, the fastest-growing major economy in the world, is on track to become the fourth-largest economy by 2025, as per the International Monetary Fund (IMF).
