StormShadow
SENIOR MEMBER
- Jan 10, 2011
- 3,485
- -10
India is better placed in BRIC nations as Brazil faces slowing growth, Russias economy isnt well diversified and Chinas model is being challenged, New York University professor Nouriel Roubini said.
In relative terms, India is actually positioned well, Roubini said in an interview with Bloomberg UTV in New Delhi today. At the same time, the pace of structural reforms in India has been mediocre and unless India pushes ahead with those changes, economic growth in absolute terms will disappoint,he said.
Prime Minister Manmohan Singhs efforts to bolster the Indian economy have been hampered by corruption scandals, inflation and the decision last month to stall the easing of foreign investment rules in multibrand retail. Still, the government yesterday ratified a Nov. 24 cabinet decision to raise the ownership limit for overseas single-brand retailers to 100 percent from 51 percent.
Indias economy expanded 6.9 percent in the third quarter of 2011. By comparison, Brazils economy grew 2.1 percent, Russias by 4.8 percent and Chinas by 9.1 percent in the same period.
Roubini, co-founder and chairman of Roubini Global Economics LLC, predicted the U.S. housing bubble before the market peaked in 2006, while failing to predict a rebound in global stocks in 2009.
India
In relative terms, India is actually positioned well, Roubini said in an interview with Bloomberg UTV in New Delhi today. At the same time, the pace of structural reforms in India has been mediocre and unless India pushes ahead with those changes, economic growth in absolute terms will disappoint,he said.
Prime Minister Manmohan Singhs efforts to bolster the Indian economy have been hampered by corruption scandals, inflation and the decision last month to stall the easing of foreign investment rules in multibrand retail. Still, the government yesterday ratified a Nov. 24 cabinet decision to raise the ownership limit for overseas single-brand retailers to 100 percent from 51 percent.
Indias economy expanded 6.9 percent in the third quarter of 2011. By comparison, Brazils economy grew 2.1 percent, Russias by 4.8 percent and Chinas by 9.1 percent in the same period.
Roubini, co-founder and chairman of Roubini Global Economics LLC, predicted the U.S. housing bubble before the market peaked in 2006, while failing to predict a rebound in global stocks in 2009.
India
" or rubbish this report!!!?? 
When they come in India, they say everything good about our country and its economy. But outside economist has always stated india to be the worst of all the BRIC nation...
