India's 'Emerging Market' Status a Hindrance: Morgan Stanley's Ridham Desai

During a panel discussion, Ridham Desai, MD & Chief Equity Strategist India, Morgan Stanley, highlighted that the emerging market cohort is no longer the story people in the mid 90s dreamt of. He further said that a lot of assets in that cohort are shrinking and India is facing some of that brunt as well. "India needs to diversify its sources of capital. We need to allow other pools of capital to walk into the Indian stalk markets. That would ensure more secular flows," he advised. 

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