Mark Mobius on Indian markets
The current global environment is not only depressed, but highly uncertain too. While India may be relatively better off, the health of her economy has deteriorated and is not showing any signs of recovery. The fall in industrial output, slowdown in GDP growth and expected decline in corporate earnings remain major worries for the markets. In light of the current scenario, Jitendra Kumar Gupta sought answers on key issues from renowned investment guru of emerging markets and executive chairman, Templeton Asset Management, Dr Mark Mobius. Known for his understanding and studies on emerging markets, Mobius currently manages more than $24 billion in emerging market assets and directs the Templeton research team based in 14 emerging markets across the world. A value investor with a bottom-up stock selection approach, Mobius shared his views on the Indian equity markets and spelt out his investment strategies. How do you assess the economic stimulus package announced by the Indian governme...