Billionaire Mark Mobius credits India’s savvy EU trade agreement for jolting the US into finalizing its bilateral pact swiftly. In a candid interview Wednesday, the emerging markets guru unpacked how this diplomatic chess move pressured Washington.
The Modi-Trump camaraderie undoubtedly smoothed the path, Mobius noted, but he was quick to praise the negotiators’ prowess. Rejecting grand titles like ‘Father of All Trade Deals,’ he elevated the EU deal’s significance for India’s global positioning.
This independent streak—pushing EU talks despite US pendency—signaled Delhi’s leverage, compelling America to expedite. Mobius sees it as a masterclass in multi-aligned trade strategy.
India’s economic engine roars ahead. Mobius predicts third-largest economy status imminently, outpacing rivals through structural strengths. Young demographics fuel consumption booms, urbanization expands markets, and export momentum solidifies gains.
These pillars, he argues, lock in elevated growth for years. On equities, sobriety prevails: Sensex at 100,000 demands improbable 20% jumps. Investors should prioritize enduring drivers over speculative peaks, Mobius counsels.
As global headwinds loom, India’s story captivates. Mobius’ insights reaffirm why the subcontinent remains a top pick for savvy portfolios.
