India Shines: Diwali and Beyond
First and foremost, Happy Diwali to those who are celebrating. Diwali is the Festival of Lights and speaking of lights — I can’t emphasize enough what a bright future I see for India.
Last week, I had the incredible experience of taking part in the NDTV World Summit in New Delhi, where I met with India’s Prime Minister Narendra Modi. In addressing the audience, PM Modi said: “Mark Mobius is one of the many persons who loves India. His excitement about the opportunities here speaks volumes. When he suggests that global funds should invest at least 50% in the Indian stock market, it carries a significant message.”
What a true honor to be mentioned in PM Modi’s speech. India is indeed one of my favorite countries. If you haven’t been to India, you’re really missing out — there is nowhere else quite like it. Each visit is a feast for the senses: the colors, the flavors, the energy, stunning architecture and history at every turn. Cows still roam the streets, yes, but ambitious startups and transformative projects are making their mark too. Most importantly, it’s how fast things are developing — India is heading toward a bright future, and it’s exciting to watch it all unfold up close.
I'm constantly impressed by the Indian government’s efforts to unify and advance such a diverse country. India has 28 states and 8 Union Territories, with each carrying a unique cultural identity and, often, an entirely different language. With over 22 official languages and hundreds of dialects, you can imagine what a massive undertaking it is to educate and bring everyone together. PM Modi has done a remarkable job, especially with his push to digitalize the country. This digital transformation has been a game-changer and is one of the reasons why so many companies are able to thrive and grow.
Beyond digitalization, India is making incredible strides in infrastructure as well. Just last week, I visited Yashobhoomi, India’s largest convention center in New Delhi. This impressive venue spans over 73,000 square meters and can accommodate up to 11,000 people. And that is just one example. Across the country, new highways and world-class airports are raising the bar. Modernized infrastructure is the backbone of a growing economy and is a signal of India’s readiness for the global stage.
Overall, I see long-term growth and exceptional potential in India, particularly in technology. I believe the country is well-positioned to become a global leader — if not the leader — in semiconductor production. For one, the demand here is enormous — India is one of the world’s largest markets. Besides, its relatively open economy means India can harness technology from key players worldwide. Also, India’s status as the world’s largest exporter of software has made it a base for numerous global semiconductor companies’ software divisions, which means it has a talent pool ready to support large-scale semiconductor manufacturing and development.
As Diwali lights up homes across India, it’s clear that the country itself is entering a bright new phase. Each visit reminds me of why this country holds so much potential and why I’m excited to see how it continues to shape the future. May India keep shining, this Diwali and far beyond.
Here are some of my recent interviews and news coverage on India:
PM Modi loves Mark Mobius' 'invest 50% in Indian stock market' idea: https://bit.ly/3YrgqVh
Market expert Mark Mobius reveals key investment strategies, says 'don't rush, study markets carefully': https://bit.ly/40uaGgb
Mark Mobius sees Sensex at 1 Lakh by end of year, bets 50% fresh investments on India: https://bit.ly/3YvksMo
"India Will Become Leader In Semiconductor Production": Investor Mark Mobius At NDTV World Summit: https://bit.ly/4e7u1Hh
Mark Mobius says India is catching up to China: https://bit.ly/3UTjysn