Despite global odds, GDP growth at 6-7% good for India

Mumbai: India’s ability to manage inflation without compromising growth will be pivotal in attracting sustained foreign investments, global ace investor Mark Mobius said on Thursday, adding that on a macro front, 6-7 per cent growth rate in India is a good rate given the global average.

Addressing an investor webinar organised by PL Capital-PrabhudasLilladher, the veteran investor said the Indian economy grew a good 5.4 per cent in Q2 FY25, despite having a size as big as $4 trillion.

“On a macro front, 6-7 per cent growth rate in India is a good rate given the global average. ‘Make in India’ and the impetus the government provides to manufacture locally is a big positive and the biggest advantage of local manufacturing in India is that they have a big market for local/self-consumption,” said Mobius, Chairman of Mobius Emerging Opportunities Fund.

He further stated that the Indian government has done phenomenal work by creating solid infrastructure to support growth.