Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
for the last financial year that ended on March 31 — for his bullishness.
"A rule of thumb is that if the country has a 7% growth rate, then a reasonably good company should be able to double that," he told Bloomberg. His investment firm insists on returns of 20% on investment, he said. Among Mobius' major investments in India are APL Apollo Tubes, which manufactures steel tubing for the construction industry."Building is booming in India — you travel around and see roads, bridges, tunnels being built," he told Bloomberg.targeting the Adani conglomerate earlier this year."One such incident, just like any such incident in the US market, would not deter us, since there are so many excellent companies in India," he said.
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