New Delhi, April 16 -- Veteran investor and a pioneer of emerging-market investments, Mark Mobius, passed away on 15 April 2026 at the age of 89 in Singapore.

Mobius, often called the "Indiana Jones of emerging markets" for his adventurous approach to investing in developing economies, had been bullish on India for a long time.

His bullishness on the Indian economy and the stock market was premised on the vast size of the country, its young and English-speaking population- skilled at absorbing global technological advancements- and the latest reforms aimed at opening up the economy.

Mobius was bullish on the Indian stock market until mid-January this year, despite the market's underperformance in 2025 due to weak earnings, stretched va...