India heading for ‘tremendous’ growth & Moody’s downgrade is wrong, says legendary investor Mark Mobius ...News

The decision by rating agency Moody’s to change its outlook on India from stable to negative was a mistake, since the country is enjoying “incredible” growth compared to many other states, veteran investor Mark Mobius has said. “I think Moody’s call was erroneous, I don’t think it was called for because I see tremendous growth coming in India going forward,” Mobius, the emerging markets fund manager and founding partner of Mobius Capital Partners LLP, told CNBC. “I believe that a lot of the reforms are going to really begin to kick in and have a big impact on the economy going forward.” Last week, Moody’s explained its decision to lowe

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