‘’The Downturn In Indian Market Is Relatively Mild And Can Be Handled” Says Mark Mobius

Mark Mobius, a veteran emerging-markets investor, and co-founder of Mobius Capital Partners, said that the world will have to live with high-interest rates. “Well, this is relatively mild, when you look at it from the perspective of history. You must remember we were dealing in the markets in Brazil when inflation was 2000 per cent and in Argentina and places like that. The history of India also was checkered in those areas and of course, you had the Asian financial crisis, which was very severe. So, I would say this downturn is relatively mild at least at this stage and we can pretty much handle them,” he said.