Saturday, April 27, 2013

Roubini : Falling Commodity Prices bad news for everyone

Roubini : "Structural reforms and liberalisation that have occurred in India in last few years have happened at a slower than optimal and desirable pace." "That is one of the reasons why economic growth in India for last couple of years has been disappointing. The government is trying to jumpstart some reforms,"
Indian macros are increasing looking better than what they did a while back, mainly on account of cool off in global commodity prices. However, Nouriel Roubini of Roubini Global Economics says though it will benefit us in the short-term, in the long run it will be bad news for India.
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