Mark Mobius, Executive Chairman,Templeton EM Group is optimistic on India and feels that India is doing great despite all odds stacked against it.
"India has got all kinds of corruption problems, organizational problems but despite all this, we are looking at average growth of around 5% and the debt to GDP level is low compared to developed countries. Again, this is very rapid growth if they are able to bring in reforms; you are going to see the kind of growth rates that China experienced 5-10 years ago."
Hope all good wishes of Mark Mobius comes to our aid in form of FIIS running in droves to invest in India.
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