Mobius Bullish on India: Forecasts Sensex at 1 Lakh in 5 Years, Advises Long-Term Investing
-
Renowned investor Mark Mobius sees Sensex hitting 1 lakh mark in next 5 years, expresses ultra-bullishness on India's growth potential.
-
Mobius highlights India as second largest holding in portfolio, emphasizes positive outlook on Indian economy and companies.
-
Advises looking at 1, 5 year earnings rather than just current P/E valuations during intermittent corrections.
-
Recommends investing in high return, low debt, strong corporate governance companies during downturns.
-
Cites India's diverse strengths and tech-savvy young population for promising economic growth prospects.