India has emerged as the hot, new growth opportunity for global investors.

It's the world’s most populous country, and largest democracy. It’s home to a demographic swath of 600 million people younger than 30, and a booming economy growing by 7-8% a year.

India’s energy and opportunity have made it a magnet for foreign capital, leaving many convinced that the highest-quality growth is yet to come.

But is India's growth story the real deal? Is it at a tipping point too promising to ignore? Or is it just a diversification play for investors seeking to hedge their stakes in China?

Veteran emerging markets investor Mark Mobius, founder of Mobius Capital Partners, talks to Asia Centric’s John Lee and Tom Corbett from Chennai, and he reveals why he’s excited enough about India to make a big bet on its economic future.