The long-term growth trend In India remains intact and the country stands to reap dividends from the shift in investors’ perception towards China, according to Mark Mobius. Many global investors, particularly those from the U.S., have experienced setbacks and are now exercising caution in further investments in China, the co-founder of Mobius Capital Partners told NDTV Profit.
Consequently, they are looking towards India as the next promising destination. India stands out as the only other country with a population exceeding a billion and a young demographic profile, he said. The price to earnings ratio is often used when evaluating valuations. But, a challenge arises in China as earnings growth is not as significant as in India, where the PE ratio may appear expensive due to the