Moody's rating action unwarranted; things in India not so bad: Mark Mobius

The founder of Mobius Capital Partners LLP suggests India should invest more in building infrastructure to return to the high-growth path

Mark Mobius

Mark Mobius, founder of Mobius Capital Partners and emerging market investment guru, was in Mumbai to address the India Commodity Day event, organised by the Multi Commodity Exchange. After the event he spoke exclusively to Rajesh Bhayani. Edited excerpts: Moody’s has downgraded the outlook for India. How do you evaluate that? This is an unwarranted move, not expected. Things are not that bad in India. However, as they have changed the outlook, there will be some impact on the market. The Indian economy has been going through severe slowdown. How and when can it ...