Mark Mobius Praises India’s Yashobhoomi Exhibition Centre and Economic Growth
Global investor Mark Mobius, currently visiting India, expressed admiration for the Yashobhoomi convention centre in Dwarka, New Delhi. He described it as one of the largest exhibition venues he has seen worldwide. The centre, inaugurated by Prime Minister Narendra Modi, had its first phase completed at a cost of Rs5,400 crore (USD 650 million), part of a total Rs25,700 crore (USD 3.1 billion) development.
Mobius, known for his expertise in emerging markets, noted the continuous transformation in India, particularly in digitization. He credited Prime Minister Modi’s policies for India’s rise as the world’s fifth-largest economy, emphasizing the importance of a free enterprise system for growth driven by creativity.
He also highlighted India’s robust economic growth, stating, “A seven per cent growth rate is the highest in the world for any major economy, and it’s not slowing down–it’s continuing. That’s a significant development and very positive for India.”
Doubts Revealed
Mark Mobius -: Mark Mobius is a well-known global investor who has been involved in international finance and investment for many years. He often shares his views on economic growth and development in different countries.
Yashobhoomi Exhibition Centre -: The Yashobhoomi Exhibition Centre is a large convention and exhibition venue located in Dwarka, New Delhi, India. It is designed to host big events and exhibitions, and it was recently inaugurated by India’s Prime Minister Narendra Modi.
Inaugurated -: Inaugurated means officially opened or started. When a new building or project is inaugurated, it means there is a special ceremony to mark its opening.
Prime Minister Narendra Modi -: Narendra Modi is the current Prime Minister of India. He is the leader of the Indian government and plays a key role in making important decisions for the country.
Rs5,400 crore -: Rs5,400 crore is a way to express a large amount of money in Indian currency, the Rupee. One crore is equal to ten million, so Rs5,400 crore is a very large sum of money.
Digitization -: Digitization refers to the process of converting information into a digital format. In the context of a country, it means using technology to improve services and make things more efficient.
7% growth rate -: A 7% growth rate means that the economy of India is growing by 7% each year. This is considered a high growth rate, especially when compared to other large economies around the world.
