Mark Mobius says that if NDA wins 400 seats in Lok Sabha election than foreign investment will come back

Mark Mobius: The name of Mark Mobius is counted among the giants in the world of investment. He has expressed his opinion on the Lok Sabha elections being held in India. Mark Mobius said on Wednesday that if NDA under the leadership of BJP wins more than 400 seats, it will be very good for the stock market and India's economy. A strong mandate will help the government to implement its policies more strongly. This will bring growth in all sectors. The stock market will also perform better.

There will be a boom in the stock market, the economy will grow rapidly

Mark Mobius, while talking to CNBC TV 18, said that if NDA gets more than 400 seats, there will be a boom in the stock market. He said that Foreign Institutional Investors (FIIs) are withdrawing money from Indian markets due to election uncertainty. So far in May, FIIs have withdrawn Rs 33,540 crore from the Indian stock market. The decline in the stock market also continues. Since the beginning of the elections, FIIs have withdrawn $6 billion from the Indian market.

Mark Mobius said- Investors are afraid of uncertainty all over the world

On these conditions created in the market, Mark Mobius said that investors all over the world are afraid of uncertainty. Be it foreign investors or Indians, they never want such a situation regarding their investments. This is the reason why FIIs are currently moving out of India. If NDA gets a strong mandate in India, then the government will be able to implement its ambitious policies faster.

Opportunity to become a global power in technology-manufacturing

Mark Mobius said that India has a good opportunity to become a global power in the field of technology and manufacturing. It will depend on the Indian government how it brings companies from China, Taiwan, America and Japan to manufacture in the country. For this, the government will have to simplify the policies and implement them rapidly. Mark Mobius believes that PM Narendra Modi's government can implement these reforms rapidly. Due to this, more and more foreign investment will come to India.

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