Sunday, May 19, 2013

Roubini Confident About India's Growth Model

"Recovery of growth in India driven by easier monetary policy that has occurred in the last few months and the fall in the commodity prices is going to reduce gradually inflation. In a way, it is going to boost purchasing power and allow further monetary easing by the Reserve Bank," Roubini said.

However, Roubini highlighted the negative aspects of global growth slowdown stating, "China is slowing down, advanced economies are slowing down and while India is not just dependent on trade as China is. The global economic climate affects confidence. So India already starts from a situation where growth has been disappointing last year and global growth was supposed to accelerate. If instead of accelerating it slows down further in China, in US, in Europe, that on net is going to be a negative on Indian growth," he said.
Related Posts Plugin for WordPress, Blogger...