The Indian equity market needs to grow in size to attract more foreign capital, veteran emerging markets investor Mark Mobius told CNBCTV18 on Tuesday.

Though India is beginning to outperform the US market and it was logical for investors to look at the country, there is a problem of size, according to Mobius.

“There needs to be more equity offerings in India, more IPOs, and hopefully, more government enterprises being listed in the market because India has some very large government enterprises that can be listed,” he said.

Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Neeraj Chopra: A look at his three-storey bungalow in Haryana, Rs 2 crore Range Rover Sport, and Rs 37 crore net worth Meet …

RBI Governor Shaktikanta Das announced its fourth bi-monthly monetary policy today in which he said that the central bank has decided to keep the repo rate unchanged at 6.50%  and adopted a stance of ‘withdrawal of accommodation. The RBI governor said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5%.”

Also Read