6-7% GDP Growth Still A Good Rate 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-Prabhudas Lilladher, 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.

“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,” he said.