• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

6-7 Pc Growth Rate In India Good Given Global Average, Infra Work On Solid Ground: Mark Mobius

OMMCOM NEWS by OMMCOM NEWS
December 12, 2024
in Business
Mark Mobius

Mumbai: India’s ability to manage inflation without compromising growth will be pivotal in attracting sustained foreign investments, global ace investor Mark Mobius said on Thursday, adding that on a macro front, 6-7 per cent growth rate in India is a good rate given the global average.

Addressing an investor webinar organised by PL Capital-Prabhudas Lilladher, the veteran investor said the Indian economy grew a good 5.4 per cent in Q2 FY25, despite having a size as big as $4 trillion.

“On a macro front, 6-7 per cent growth rate in India is a good rate given the global average. ‘Make in India’ and the impetus the government provides to manufacture locally is a big positive and the biggest advantage of local manufacturing in India is that they have a big market for local/self-consumption,” said Mobius, Chairman of Mobius Emerging Opportunities Fund.

He further stated that the Indian government has done phenomenal work by creating solid infrastructure to support growth.

“Despite political challenges, PM Modi’s administration remains focused on reducing inefficiencies, modernising infrastructure, and enhancing governance. The central challenge lies in balancing populist measures with long-term structural reforms,” Mobius stated.

He highlighted key areas where India stands to gain both domestically and globally, identifying sectoral shifts and emerging opportunities, like defence manufacturing, semiconductors, infrastructure and urbanisation, tourism and travel growth, energy and commodities and digital public infrastructure.

On US President-elect Donald Trump’s trade tariffs, he said that Trump could use tariffs as a bargaining chip to negotiate open trade deals.

“Emerging Markets like India stand to benefit as there is a limit to which investors would want to put their money in the US market. Plus, the opportunities in emerging markets are also thriving,” he added.

Mobius articulated a cautiously optimistic outlook for global and Indian economic trends, driven by both cyclical and structural factors. Tapering off Russia-Ukraine conflict and reduced Middle East turmoil, are expected to bolster global growth, he noted.

–IANS

na/dpb

Tags: GlobalMumbai
ShareTweetSendSharePinShareSend
Previous Post

Veteran Actor Mohan Babu Booked For Attempt To Murder

Next Post

Intruder Apprehended Near LoC In J&K’s Poonch

Related Posts

Business

Adani Ports Sets New Robust Record In Cargo Handling In May

June 3, 2025
Business

Adani Stocks Defy WSJ Report; Market Shrugs Off Allegations Amid Group’s Resilience

June 3, 2025
Business

RBI Expected To Cut Repo Rate By 100 Basis Points By 2025 End: Nomura

June 3, 2025
Business

Tesla India Leases Rs 25 Crore Service Centre In Mumbai

June 3, 2025
Business

India’s Economy To Grow By 6.3 Pc In 2025, 6.4 Pc In 2026 As Global Growth Slows: OECD

June 3, 2025
Indian Stock Market
Business

Stock Market Ends Lower On 3rd Consecutive Trading Day As Weak Global Cues Continue

June 3, 2025
Next Post
J&K’s Poonch

Intruder Apprehended Near LoC In J&K’s Poonch

Mallikarjun Kharge

Chair Can't Be Questioned: Nadda Slams Cong Chief For 'Demeaning' Constitutional Positions

FIFA World Cup 2034

Celebrations Kick Off In Saudi Arabia To Welcome FIFA World Cup 2034

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.