Noted American economist Nouriel Roubini said India is not passing through stagflation but maintained that the prevailing conditions are "not ideal" for faster economic growth and cost of doing business is too high in the country due to "excessive levels of corruption".
'An extended period of easy credit could eventually lead to an asset bubble'
Roubini said countries like India, Indonesia, Brazil and Turkey, with their increasing reliance on domestic markets, have a "distinct edge" over China which is still dependent on trade and a weak currency to spur its growth story.
Economist who predicted global crash says India needs to both spend and tighten and it won't be easy.
Most emerging economies may be returning to growth, but they are performing well below their potential.
This is clearly the worst financial problem we've had since the Great Depression," as Joseph Stiglitz told a radio show in New Zealand on Wednesday morning.
In 2008, the danger facing most of us is having too much rather than too little anxiety.
The handsome 25 per cent rise in corporate profits in the September quarter amid a sharp contraction in GDP was on the back of wage squeezes, leading to rise in inequalities in India, economist Nouriel Roubini said on Thursday. This rising inequality is "dangerous" politically and socially because only a few people in the economy are benefitting, the economics professor at New York's Stern School of Business said. Roubini said earnings of listed entities have risen 25 per cent in the September quarter, which means that wages and income are getting "squeezed, if not collapsed".
You may be popular initially because of politics and ideology but if the economy slows down, you will be losing your popularity: Nouriel Roubini.
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
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