Roubini : India a bright spot in The Global Economy | NOURIEL ROUBINI BLOG

Thursday, February 9, 2017

Roubini : India a bright spot in The Global Economy

Roubini on how India is a bright spot in the global eocnomy

the rest of the world is going down 0:01 while economic growth in india is 0:03 holding up if you think about the brakes 0:05 with Russia India China and South Africa 0:08 two of these countries Russia in Brazil 0:11 intersession one south africa is barely 0:14 growing it in China the flexural and a 0:18 cyclical slowdown of economic growth 0:19 than the six percent eventually I 0:22 percent while if there is one part of 0:25 the global economy among the brakes is 0:27 actually growing there was a broad is 0:29 India in spite of the global tailings 0:31 coming from the global financial turmoil 0:34 that's thrown on the world in the 0:36 growing about seven percent in spite of 0:39 the fact that not all hold of the actual 0:41 formed up to be implemented there will 0:44 be implemented in the future the Union 0:47 grow these steel about 7% so the number 0:50 could be certainly much higher if the 0:52 global economic assets were to become 0:54 better and it's some of the selection 0:56 reforms were to be implemented

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.