Russia-Ukraine crisis: See more downside in equity mkts, says Mark Mobius

'If the Indian economy will grow at 6-7 per cent, one can expect a growth of 5-10 per cent in earnings for most companies'

The markets have slipped sharply from their recent highs because of the Russian invasion of Ukraine. MARK MOBIUS, founder, Mobius Capital Partners, tells Puneet Wadhwa in an interview that in the current situation, it will be a good idea to remain 10-15 per cent in cash and wait for opportunities to invest at lower levels. Edited excerpts:

What is your interpretation of the recent geopolitical situation and its impact on the global financial markets?
It will be a long drawn geopolitical conflict – more like a guerrilla war in the Ukraine. It does not look like [Russian President Vladimir]