Mark Mobius, Executive Chairman, Franklin Templeton Emerging Markets Group
I think in India the reason why we have seen this good market is the reforms Prime Minister Narendra Modi is making. First of all, the tax rules are being changed, and that is a big, big win. The fact that he has been successful in the (recent state) polls, also gives people confidence that the ongoing reforms will continue. These are main factors underpinning this rally. I was worried demonetisation might weaken Modi; but, in fact, it didn’t. He pulled that off successfully. I think the rally will last.