FII selling, weak rupee and oil prices drag Indian markets, but long-term story intact: Mark Mobius

Mark Mobius says India’s recent market correction is driven by FII outflows, weak rupee, higher oil prices and global uncertainty, not a broken growth story. He expects earnings-led FII return, reforms and infrastructure push in the Budget, stays bullish on India over China long term, and recommends equities alongside gold and silver for diversification.