Published 14:31 IST, January 4th 2025
Market Rally Post Budget 2025? 'Yes' If There Are These Two Provisions, Says Ace Investor Mark Mobius | EXCLUSIVE
According to Mobius, the removal of red tape would create a more conducive environment for entrepreneurship and innovation
As the Indian government is all set to present the Union Budget 2025, Mark Mobius, a well-known investor and the Chairman of the Mobius Emerging Opportunity Fund, expressed his optimism about India's economic future while urging the government to take bolder steps in liberalizing its economy. Mobius was in an exclusive conversation with Republic Business. Mobius, one of the seasoned investors of our times is known for his deep expertise in emerging markets, praised the current administration's efforts but emphasised that further reducing bureaucratic hurdles could unlock even greater growth potential for the country.
“I think that under the current administration, generally speaking, the budget has been very favorable for the economy,” Mobius said. “However, I would like to see more and more liberalization, fewer and fewer rules and regulations to make it easier for people to do business and to grow.” According to Mobius, the removal of red tape would create a more conducive environment for entrepreneurship and innovation, which are vital for sustained economic growth.
Trump's Business Friendly Approach
Mobius drew a parallel to the policies of former US President Donald Trump , who focused on reducing the administrative burden to promote free enterprise. “That's probably one of the impacts of the Trump administration,” he said, noting that less regulation and more freedom for businesses would be beneficial for both the U.S. and India.
Looking ahead, Mobius stressed that the degree to which the Indian government can implement such reforms in the upcoming budget will be crucial for the country’s economic progress. “The degree to which the budget in India accomplishes that will be very, very good for the Indian economy,” he added.
With India already on a strong growth trajectory, Mobius’ remarks highlight the need for regulatory reforms to enhance the ease of doing business and attract more investments. As the nation prepares for its next fiscal year’s budget, Mobius’ call for liberalization signals an opportunity to further accelerate India’s economic growth and position it as a global business hub.
Updated 14:31 IST, January 4th 2025