IANS EXCLUSIVE : Global Investor Mark Mobius talked on the issue of Modi’s digital India, Adani Group, George Soros and so many other issues. He said that Digitization of the Indian economy is the most important thing which Modi has done. He talked about Soros and said that Soros is using his money for his own political agenda. He talked about Gez Z investors and the goal of viksit Bharat 2047. He also talked about the Adani US DoJ issue .
#adani #MARKMOBIOUS #pmmodi #viksitbharat #soros #digitalindia
#adani #MARKMOBIOUS #pmmodi #viksitbharat #soros #digitalindia
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00:00I think the most important thing Modi has done is the digitization of the Indian economy.
00:13And that has, of course, led to great efficiencies.
00:17And that has extended to the infrastructure.
00:19You must remember that the internet is part of the infrastructure of any country.
00:25And he has done a lot to improve that.
00:28But in addition, as you travel around India, you'll see there's a tremendous amount of
00:33building infrastructure going on, roads, bridges, etc.
00:38And I think that will probably be accelerated because the Indian budget will expand with
00:44greater incomes.
00:46The budget will be able to add more to the infrastructure spending.
00:59I think, I really don't know what will happen, but my guess is Trump will come in and whoever's
01:07coming into the Justice Department will say, what are you guys doing sticking your nose
01:11into Indian business and spending all this money on a trial, which probably will go nowhere.
01:19So there's a good chance that the Justice Department will move away from the Adani trial.
01:29And I believe that there'll be another implications where the Justice Department will be reorganized
01:36in America and will be doing less and less involved in the overseas situation and more
01:45with the domestic situation.
01:50Yeah, I think that's part of it.
01:53I think a lot of people are now beginning to realize that with Trump coming in, this
01:58situation in the U.S. will probably go away.
02:01And you know, the situation with the hedge funds going after Adani also seem to have
02:07fizzled out.
02:08So a lot of investors, I think, are beginning to look at this and say, well, Adani is under
02:13pressure, but at the end of the day, their business will continue to operate and probably
02:17will continue to do well.
02:24Well, you know, a lot of this situation, particularly with the U.S. State Department and the Justice
02:29Department, have been politics, involved with politics, and particularly the accusations
02:36against Trump were very politically motivated.
02:40And that goes for other accusations and attempts by the Justice Department to bring people
02:47to just so-called justice.
02:49So I think that's going to be fading away under the Trump administration.
02:57Well, first of all, they should read my book, The Book of Wealth, which is published in
03:02India, as you know.
03:04And in that book, I said, the first thing you've got to look at is health.
03:07Take care of your health, because you can be wealthy, but if you're not healthy, it's
03:13not going to be a good game.
03:16But at the end of the day, you've got to also be patient.
03:19Now, there are some people that can get rich quick as a result of either their abilities
03:24or luck or a combination of both.
03:27But most people are not able to do that.
03:29So you're better off taking your time, investing in good stocks, holding them, and then waiting
03:37for the returns to come in.
03:38And they will come in as a result of the fact that good stocks will always perform well.
03:47Well, the growth in India will continue, there's no question about that.
03:55We're going to see an incredible renaissance of India.
04:01And the impact of India globally will be greater and greater as we go forward, simply because
04:08with 1.2 billion people, with a huge consumer population with a huge production capacity,
04:16India will make its mark globally, and will equal and maybe even surpass China in the future.
04:22So the future is very bright for India, very bright.
04:32Well, as you know, Soros has got an agenda.
04:36He's got the agenda to so-called move countries towards a more democratic framework in his
04:45own vision.
04:46And some of this has gone a little bit too far, in my view.
04:49And I think, again, he's not going to get the support of the global community if he
04:56continues on this path.
04:57Well, you know, he was a guy who made a lot of money on currency trading, particularly
05:03with the British pound.
05:06And he's using that money for his own political agenda.
05:11And of course, a lot of that has now been pretty much destroyed as a result of recent
05:16election in the U.S.
05:18You know, the whole woke culture, the whole far left liberal culture is now being destroyed
05:24as a result of what happened with the election.
05:26So Soros's positions will be weakened considerably.