Mark Mobius, who has long been bullish on India, said he doesn't agree with Moody's assessment that the country's growth will be subdued.
"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," said Mark Mobius, founding partner of Mobius Capital Partners.
Moody's last week changed its outlook for India's ratings from "stable" to "negative," partly reflecting lower government and policy effectiveness in addressing weaknesses in the economy. Other economists have also warned that India's growth could slip even more before turning the corner. Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017.was "erroneous," veteran emerging markets investor Mark Mobius said on Wednesday., said he doesn't agree with the ratings agency's assessment that the country's growth will be subdued.
"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 ... 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," he told CNBC's
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