Nouriel Roubini, an Economist Who Foresaw Crisis: India May Have a Higher Growth Than China in Next Decade
by Economy of India could be an increase in May than that of China over the next ten years if I imposed limits foreign investment in retail and increase spending for infrastructure, said economist Nouriel Roubini was quoted by Bloomberg.
Economy of India could be an increase in May than that of China over the next ten years if I imposed limits foreign investment in retail and increase spending for infrastructure, said economist Nouriel Roubini was quoted by Bloomberg.
“I am very optimistic about India’s future growth. The challenge for India is to sustain a 9% annual advance and at the same time keep control of inflation,” said Roubini, profesro of economics at the University of New York.
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Roubini, who predicted the financial crisis, Morgan Stanley joins group, which previously projected that India will grow faster than China.
India is preparing to invest in infrastructure of $ 1.000 billion over the next five years, had an advance of 8.9% of GDP in the third quarter.
“China will slow, perhaps in the coming years and India will accelerate growth,” supported by a young population and consumption, “said Roubini.
India will register an increase by 136 million people in the workforce by 2020, compared with 36 million in China, according to a Morgan Stanley study.
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