Mark Mobius, a prominent figure in emerging markets investing, passed away at the age of 89. During the NDTV World Summit in October 2024, Prime Minister Narendra Modi paid tribute to Mobius, emphasizing his love for India and his significant role in promoting investment in the country. Modi noted that Mobius's suggestion for global funds to allocate at least 50% of their investments to the Indian stock market sends a strong message about India's potential as a developing nation and an aspiring global power. Mobius was known for his extensive travels and firsthand insights into markets often overlooked by investors. He highlighted India's youthful population and economic growth as key reasons for investment, and he authored several influential books on investing, including *The Investor's Guide to Emerging Markets* and *Passport to Profits*. His investment philosophy included memorable sayings like, “If you see the light at the end of the tunnel, it's too late to buy.”