When asked to give his big global prediction, Mr. Mobius said, "volatility will increase" and "the perception of emerging markets is changing to become more positive; it's becoming an important asset class for investors, and that's a sea change. Ten years ago it was considered to be a very risky arena." He made sure to mention that corrective mechanisms still exist (regarding Central Banks tightening).
|George Soros via Wikimedia|
George Soros mentioned how the developing world is doing exceptionally well compared to the developed world ("which is sinking"), and India is one of the beneficiaries. "India is actually unusual because its growth is mainly domestically generated, so it is less exposed to the global situation; less exposed but still exposed."
"(India) is not growing as fast as China, but perhaps it is not as exposed to overheating as China is; so India is relatively very well situated"