New Delhi: The economic crisis in the country is being discussed everywhere. All the rating agencies are under-reporting India's growth rate. But there are some experts who do not see any such problem in the economy. One such person is Mark Mobius, a well-known fund manager and investment expert of the world. Those who believe that there is no such thing as recession in the country. He said that India's economy is running well and more investment is needed in it.

Mobius believes that taxation is the biggest reason for India's growth. Finance Minister Nirmala Sitharaman has decided to remove the surcharge on FPI and Superrich. It was in demand for a long time. However, even after this the market situation remains poor and investors are withdrawing their money. FIIs have withdrawn Rs 31,000 crore from equity. In an interview to a private channel, Mobius said that India will continue to grow in the long term, but there is confusion about taxation.

Mobius said the decision to withdraw the surcharge from FPI is correct, but India's growth rate may take one to two years to recover. Mobius said that in addition India's growth rate may increase as it is constantly being improved by PM Modi. The government is on the target of the opposition due to the poor condition of the economy.

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