Is a Weaker Rupee a Boon for IT Giants Like Infosys?

Mark Mobius, a seasoned investor, believes India is a strong investment hub due to its growth, reforms, and China’s declining appeal under Trump’s leadership. He notes that a weaker rupee benefits export-oriented companies like Infosys, making them more competitive globally. He predicts the rupee may weaken further to 86 by the end of the year, driven by a strong dollar and India’s trade deficit. Despite this, Mobius remains optimistic about India’s economic potential, reforms, and high-value market opportunities. He views India as a “natural choice” for manufacturing after China and expects reduced red tape in the US under Trump to boost opportunities. He recommends investing in export-driven sectors and consumption industries, citing rising per capita income and competitiveness against Chinese exporters. He aims to allocate 50% of his investments in India.