Mark Mobius, Executive Chairman, Templeton Asset Management is tracked worldwide for his statements related to stock markets and statements in particular related to emerging markets. We quote here his latest comment related to emerging markets which is equally applicable to Brics economy.
"We're looking at equities all the time and equities are looking better and better with all this turmoil. The emerging markets are in much better shape than the developed countries. If you look at the gross domestic product levels, foreign exchange reserves, emerging markets are in a very, very sweet spot."
Mark Mobius means business and that is the reason FIis are bullish on Indian stock market and thus good times will soon come back in India and we will see Nifty rally to 7300 levels in 12-24 months.
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