In a CNBC-TV18 exclusive, global investor Mark Mobius of Mobius Capital Partners shared insights on the Indian stock market, global economic trends, and his views on the future.
Mobius expressed confidence in the Sensex, predicting that it would reach an impressive milestone of 1,00,000 within the next five years, even amidst potential corrections.
He underscores the need for people to accept the idea of a 5% US bond yield, as this may draw funds away from stocks.
Mobius acknowledges that the US debt level is not an immediate concern, but warns that eventual inflation is a potential consequence of monetary expansion.
He says it's important to keep your money in stocks and talks about how problems between countries can make some businesses do better or worse.
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However, he maintained that, despite the allure of bonds, the Indian stock market's long-term potential remains robust.
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Mobius remains steadfast in his positive outlook for the Indian market and revealed that his India portfolio remains unchanged.
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He expressed eagerness to invest in a hardware technology company when one becomes available on the stock market.
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He expresses unwavering confidence in his India portfolio and praises Prime Minister Modi's efforts to modernize the nation, anticipating BJP's success in the 2024 elections.
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