New Delhi:
Billionaire investor Mark Mobius said on Wednesday that if India remains on the present path of strength and policy continuity, then it has the ability to become the third largest economy in the world. He further said that in the last few years, India has become the fifth largest economy from the 11th largest economy in the world. At present, America, China, Germany and Japan are ahead of India in terms of total GDP.
India will soon beat Japan and Germany in GDP
According to the latest IMF estimates, India’s real GDP is worth $ 4.3 trillion, which is slightly lower than Japan’s $ 4.4 trillion dollars and Germany $ 4.9 trillion. Look at the GDP growth estimate, India can overtake Japan this year and Germany by 2027.
India’s population, policy and manufacturing will be made superconomy
Mobius said that India has the ability to become the second largest economy in the world. He further said, “India’s population is now much higher than China. Now it is estimated that China’s population is actually 800 million or less, the average age more than India’s 1.2 billion people.”
The global investor running Mobius EM Opportunity Fund said, “If India is able to remove import sanctions (both tariffs and non-tariffs), the manufacturing sector will accelerate and the economy will be strengthened.”
Recovery in Indian stock market, Mobius gives tips to investors
Despite the global uncertainties, Mobius told IANS on the recent performance of the Indian stock market that the Indian stock market had declined significantly even before the American reciperook tariff was imposed.
He further said, “Recovery will come in the market. In such a situation, this is the right time to averages good shares. If an investor already has shares then this is the best time to hold it.”
In the recent few days, the Indian stock market has seen a boom. Sensex and Nifty have given about 4 percent returns in the last five trading sessions.