New Delhi, April 16 (NationPress) Renowned investor Dr. Mark Mobius, who passed away at the age of 89, consistently expressed optimism regarding India's economy, asserting that the nation is poised to emerge as the third-largest economy shortly.

The billionaire, who managed the Mobius EM Opportunities Fund focusing on emerging markets, emphasized India's potential to achieve this milestone if it continues on its current trajectory of resilience and stable policies.

In a recent conversation with IANS in February, he noted that India’s youthful demographic and rapid urbanization are generating a substantial consumer base alongside boosting exports.

Mobius highlighted India's strong growth relative to other major emerging markets, stating that the upcoming India-US trade agreement will enhance and deepen commercial ties between these two leading economies.

He remarked, "With a youthful population, swift urbanization, substantial consumer growth, and increasing exports, India is set to sustain high growth levels," as he shared with IANS.

Mobius expressed no surprise at India's rising status among the world's largest economies, stating, "I am not taken aback by India's ascent in the global economic ranks. The nation's population of 1.4 billion, guided by the visionary leadership of Prime Minister Narendra Modi, is eagerly seeking to reclaim its rightful position on the world stage."

He added that India's current GDP growth trajectory will significantly contribute to its journey toward becoming the third-largest economy globally.

Despite global uncertainties, he noted that the country is experiencing a growth rate of 6-7%, illustrating its economic resilience. This resilience, he believes, will aid India in its continuous rise.

Moreover, Mobius pointed out that India's recent trade initiatives with the European Union have been instrumental in encouraging the United States to expedite its negotiations with India.

When questioned about whether Prime Minister Modi secured a favorable deal with the US due to his amicable rapport with President Donald Trump, Mobius clarified that the agreement was the result of collaborative efforts from negotiation teams on both sides.

“Nevertheless, the friendly relations between the two leaders undoubtedly facilitated the process,” he conveyed to IANS.

Mobius asserted that India possesses the potential to even become the second-largest economy worldwide.

Often referred to as the “Indiana Jones of emerging markets,” his investment strategy emphasized rigorous, on-the-ground research.

“Dr. Mark Mobius, a distinguished investor and a pioneer in emerging market investments, sadly passed away on April 15, 2026, at the age of 89. He was widely recognized as one of the early investors in emerging markets, known for his extensive travels and firsthand insights into markets frequently overlooked by global investors,” stated an official announcement from his firm.

“John Ninia and Eric Nguyen, both Partners at Mobius Investments, will take on leadership roles. The firm will continue its operations without alterations to its investment philosophy or daily activities,” the announcement disclosed.