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.
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Mobius also said that the big shift of money from China to India is yet to happen due to India’s market size. The market capitalisation difference between India and China is a key reason why large foreign investors from the US find it difficult to invest in India, he added.
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Sports betting site VPbet However, with the slowdown in China, Mobius expects India to pick up the slack in the manufacturing and exports sector.
Mobius also said Sensex is on course to hit the 100,000-mark in “the next five years or earlier”.
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