India ‘Better Placed’ Than Other BRIC Nations, Roubini Says

[StormShadow]

India is “better placed” in BRIC nations as Brazil faces slowing growth, Russia’s economy isn’t “well diversified” and China’s 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 Singh’s 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.

India’s economy expanded 6.9 percent in the third quarter of 2011. By comparison, Brazil’s economy grew 2.1 percent, Russia’s by 4.8 percent and China’s 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

 

[Chinese-Dragon]

Could be true.

The Indian government needs to get over their policy paralysis though, and continue to implement economic reforms.

Economics is like evolution, you need to adapt, in order to survive and prosper.

 

[SpArK]

IT companies are expected to do good due to dollar exchange rates..

Agriculture and infra still lags behind..

Governance is not so going good.

Hence i dont think we can sustain the good growth rate anytime soon.

And yes ...Stock markets are expected a correction anytime soon maybe atleast to 14000 levels

 

[StormShadow]

Could be true.

The Indian government needs to get over their policy paralysis though, and continue to implement economic reforms.

Economics is like evolution. You need to adapt, in order to survive and prosper.

Dude...u didnot "" or rubbish this report!!!??

 

[Chinese-Dragon]

Dude...u didnot "" or rubbish this report!!!??

I'm trying to be more objective in the new year.

 

[Shardul.....the lion]

Major stumbling block is definitely policy paralysis for last one year.

Hope so India comes out with flying colours through this lean period.

 

[rai_kamal]

“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.

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...
Yes, from the FDI prospective we are lagging behind the other three, so reform r required in FDI and other areas too..

 

[seethru]

I'm trying to be more objective in the new year.

should we take that all these days you'd been less objective then?

---------- Post added at 09:53 PM ---------- Previous post was at 09:53 PM ----------

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...
Yes, from the FDI prospective we are lagging behind the other three, so reform r required in FDI and other areas too..

.....................Yeah!

 

[illusion8]

India's middle class and infra investments in the future will help in maintaining our growth to around 7%, which is relatively good, we may be off target by a couple of percentages but the drop is visible in all economies throughout the world.

 

[FairAndUnbiased]

I'm trying to be more objective in the new year.

No, being neutral is not being unbiased. Sometimes something is objectively bad.

Roubini has been predicted 12 of China's past zero collapses. He's a paid PR agent.

 

[beijing consensus]

nouriel roubini?

id rather take economic advise from a 5 year old that this zionist buf00n.

this guy has been predicting the doom of every country for years and years.

obviously for indians, this is like heaven.
the opinion of the whites are very important to indians.

 

[IndoCarib]

nouriel roubini?

id rather take economic advise from a 5 year old that this zionist buf00n.

this guy has been predicting the doom of every country for years and years.

obviously for indians, this is like heaven.
the opinion of the whites are very important to indians.

You dont know what is a 'white' . He is not 'white' as in white Caucasian. He is of Iranian descent

 

[WAR-rior]

nouriel roubini?

id rather take economic advise from a 5 year old that this zionist buf00n.

this guy has been predicting the doom of every country for years and years.

obviously for indians, this is like heaven.
the opinion of the whites are very important to indians.

ajeeb zabardasti hai bhai !!

 

[Mo12]

So India wont be replaced by Indonesia in the BR"I"C then?

 

[T90TankGuy]

So India wont be replaced by Indonesia in the BR"I"C then?

not yet .!!! not yet