9 years ago
Ruchir Sharma, Morgan Stanley's Head of Emerging Markets speaks to NDTV's Prannoy Roy on India's position in the global economic turmoil and how events such as Britain's exit from EU and China's slowing economy will impact India.
Is India Rising or falling?
Ruchir Sharma's 10 Rules of Change
India banking on the same metropolitan cities. Need to develop more cities.
India banking on the same metropolitan cities. Need to develop more cities.
Ruchir Sharma's 10 Rules of Change
India scores a sure negative when it comes to hyped perceptions globally
India scores a sure negative when it comes to hyped perceptions globally
India looks relatively good. No country will rank 10/10. This is the country which has constantly disappointed the optimists and pessimists: Ruchir Sharma
- India is on a good side. The debt level has gone high globally. But India's debt has not increased relatively.
- Investment is relatively okay. But we want to see manufacturing and private sector do better.
India gets a positive among countries which look good as investment opportunities. It feels inexpensive: Ruchir Sharma
Ruchir Sharma's 10 Rules of Change
Country's debt must be with respect to its economic growth
China's debt story an example. China's debt was earlier rising with respect to its economic growth. The country's debt has exploded now.
Country's debt must be with respect to its economic growth
China's debt story an example. China's debt was earlier rising with respect to its economic growth. The country's debt has exploded now.
Ruchir Sharma's 10 Rules of Change
More investment in countries which feel inexpensive compared to global average
More investment in countries which feel inexpensive compared to global average
Foreign Direct Investment better than before in India: Ruchir Sharma
- Those (Make in India) are slogans. But happenings on the ground are very slow. Manufacturing needs to grow.
- As we have of urbanisation. India must focus on developing new cities.
Ruchir Sharma's 10 Rules of Change
The myth of inflation as a sign of growth
The myth of inflation as a sign of growth
- India very bad at following rules. 90 per cent of world's countries have some sort of inflation target regimes.
- In India, we have a myth that higher inflation is a sign of growth
Crony capitalism is for people who gain wealth by using government contacts: Ruchir Sharma
Increase in working age population of India is necessary but not sufficient for high economic growth: Ruchir Sharma
Ruchir Sharma's 10 Rules of Change
Inequality of Wealth Linked to Stability Of Nation?
Inequality of Wealth Linked to Stability Of Nation?
Good Vs Bad Billionaires: India in the last decade has made many entrepreneurs and billionaires through hard work and innovation
Ruchir Sharma's 10 Rules of Change
Circle of Life: A Nation's Four Stages of Birth and Rebirth
Circle of Life: A Nation's Four Stages of Birth and Rebirth
Ruchir Sharma's 10 Rules of Change
Shrinking Economies Linked to Working-Age Population
Shrinking Economies Linked to Working-Age Population
Why Brexit? Trade has collapsed, much lower than the global GDP: Ruchir Sharma
The wealthy in Britain, like in London, voted to stay with the European Union.
The wealthy in Britain, like in London, voted to stay with the European Union.
Anti-Establishment Waves In World. People In Power Being Swept Out: Ruchir Sharma
- Banks lending beyond capacity.
- So countries are adopting security measures and India is at the forefront of protective measures
Dr Roy: Ruchir Sharma's book is not economic jargons, but talks about 10 rules which signifies if a country is rising or falling. We speak to him about India's position
