Stephen Roach View about Indian Market
Morgan Stanley’s Asia Chairman Stephen Roach commenting on issues such as economic trends, Asian markets, and the Indian economy, said he sees a cap on economic revival and added that the US consumer demand is still declining. He asserted that India and China were unlikely to fill the void created by the global slowdown.
Roach further said that he was more bullish on India than China for the first time. He added that the election outcome changed the prospects for reforms going forward. However, Roach cautioned that India’s Budget deficit was a worrying factor and that the country’s dependence on external capital inflows was a weakness too.
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