Thursday, July 12, 2012

Superinvestor Mark Mobius: This emerging market's worst days are over

India's worst days are behind it, Templeton Emerging Markets Group's executive chairman, Mark Mobius, told The Economic Times of India in an exclusive interview published on Monday.

Not too long ago, HSBC called India's economy a "gasping elephant." It printed first-quarter GDP of just 5.3 percent. Its politics are in turmoil. The country doesn't even have a Finance Minister after one recently stepped down.

But Mobius, a pioneer in emerging market investing, said India's downward cycle may be coming to a close.

Some takeaways from the interview in the ET... (more)

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