Nouriel Roubini on the progress India has made

A disastrous tsunami is right in the face of Indians. From now on, for the next 20 years, every month 1 million additional youths reach working age. Right now only 9% are absorbed by the formal sector, 59 % stay in the rural villages. As these youths are not gainfully employed, in 20 years, it is the whole lost generation. The brutal reality for Indian rising.










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

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

Roubini : India is doing a number of things well

How do you see the Indian economy? What is the assessment of the new government?

Roubini : India is doing a number of things well. I would like them to do more macro adjustment, to do faster structural reform but at least it is going in the right direction. Overall, the government's performance is a positive one because there have been some macroeconomic adjustments. The fiscal situation is better, the external situation is better. So ma croeconomic improvements are there even if ..

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

Roubini : India can be a bright spot

NEW DELHI: India, with an accelerated pace of reforms, has the potential to be one of the bright spots in a woe-stricken global economy, says "Dr Doom" Nouriel Roubini, the US-based economist famous for calling the 2008 global financial meltdown.

Roubini, who goes by various monikers including "permabear" for his usually circumspect views of things, told ET in an interview that while structural reforms in India were directionally right, the speed of policy changes could be faster.
 ..

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

A Change in Government is likely in India and Indonesia

....
According to the positive narrative about emerging markets, industrialization, urbanization, per capita income growth, and the rise of a middle-class consumer society were supposed to boost long-term economic and sociopolitical stability. But in many countries recently wracked by political unrest -- Brazil, Chile, Turkey, India, Venezuela, Argentina, Russia, Ukraine, and Thailand -- it is the urban middle classes that have been manning the barricades. Likewise, urban students and the middle classes spearheaded the Arab Spring, before losing authority to Islamist forces.

This is not a complete surprise: in many countries, working classes and rural farmers have benefited from per capita income increases and a broadening social safety net, while the middle classes feel the pinch from rising inflation, poor public services, corruption, and intrusive government. And now the middle classes tend to be more vocal and better politically organized than in the past, in large part because social media allow them to mobilize faster.

Not all of the recent political unrest is unwelcome; a lot of it may lead to better governance and greater commitment to growth-oriented economic policies. Among the Fragile Five, a change in government is likely in India and Indonesia.  - in todayszaman


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

India, Indonesia, Brazil, Turkey, South Africa, Hungary, Ukraine, Argentina, and Venezuela will remain fragile in 2014

Still, some emerging markets – namely, India, Indonesia, Brazil, Turkey, South Africa, Hungary, Ukraine, Argentina, and Venezuela – will remain fragile in 2014, owing to large external and fiscal deficits, slowing growth, below-target inflation, and election-related political tensions. Some of these countries – for example, Indonesia – have recently undertaken more policy adjustment and will be subject to lower risks, though their growth and asset markets remain vulnerable to policy and political uncertainties and potential external shocks. - in www.project-syndicate.org



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

Roubini : Indonesia could Grow faster than China and India

“Countries like India, Brazil, Turkey, South Africa and Ukraine [are also running deficits], but I would not put Indonesia in this group, even if Indonesia has some macro-financial fragility,” he said Saturday in his remarks delivered during the CEO Summit conference held as part of the APEC leaders meetings.“With the right economic reforms, the growth of Indonesia in the second half of this decade could even be higher than China and India,” Roubini predicted. - in The Jakarta Post

NOURIEL ROUBINI

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

Roubini shuts India Centre

NEW DELHI: Renowned US economist Nouriel Roubini, who has been referred to as "Dr Doom" for predicting the 2008 financial crisis, has downed the shutters on his India centre nearly two years after setting up shop in Asia's third-largest economy.

Roubini had chosen India as one of his key centres for economic research and analysis. This is his third centre after New York and London. The centre, which began operations in July 2011, was closed down a few months ago, sources said.

Nearly 10 staffers, including economists, were asked to leave and were given the statutory three-month notice, sources said. They said the company, which is widely regarded for its top-notch economic research and analysis, failed to penetrate the Indian market.

TOI sent a detailed questionnaire to Richard Green, CEO of Roubini Global Economics, asking him about the closure of the India centre. Green sent a short reply saying the firm remained committed to India and Asia. "We remain very committed to India and the wider Asian marketplace, but I'm afraid we are a private company and we don't comment on our internal and external strategy," Green told TOI in an email.
- in http://timesofindia.indiatimes.com/business/india-business/2-years-on-Dr-Doom-shuts-India-centre/articleshow/20282312.cms

Roubini Confident About India's Growth Model

"Recovery of growth in India driven by easier monetary policy that has occurred in the last few months and the fall in the commodity prices is going to reduce gradually inflation. In a way, it is going to boost purchasing power and allow further monetary easing by the Reserve Bank," Roubini said.

However, Roubini highlighted the negative aspects of global growth slowdown stating, "China is slowing down, advanced economies are slowing down and while India is not just dependent on trade as China is. The global economic climate affects confidence. So India already starts from a situation where growth has been disappointing last year and global growth was supposed to accelerate. If instead of accelerating it slows down further in China, in US, in Europe, that on net is going to be a negative on Indian growth," he said.

Brazil, India, Russia Slowing Down too

Nouriel Roubini :....Meanwhile, Brazil, India, Russia, and other emerging economies are playing the same game. Many have not adjusted as advanced economies’ weakness reduces the room for export-led growth; and many delayed structural reforms needed to boost private sector development and productivity growth, while embracing a model of state capitalism that will soon reveal its limits. So the recent slowdown of growth in emerging markets is not just cyclical, owing to weak growth or outright recession in advanced economies; it is also structural. - excerpt from project syndicate

Roubini : India Better Than Other BRIC Nations

Nouriel Roubini : India is “better placed” in BRIC nations as Brazil faces slowing growth, Russia’s economy isn’t “well diversified” and China’s model is being “challenged,”
“In relative terms, India is actually positioned well,” Nouriel Roubini said in an interview with Bloomberg UTV

Nouriel Roubini in India

Nouriel Roubini is in India "I arrived to New Delhi for policy, private sector and media meetings and to visit the new RGE office in India where a dozen economists work" he wrote in a twitter message announcing his arrival to New Delhi

Roubini : China, India , Brazil are the only few bright spots

Roubini : I'm a realist. I can only see a few bright spots in some countries like China, India or Brazil. But the rest? The US economic recovery has been anemic, Japan looks comatose, and Europe is facing a double dip. The Continent is vulnerable to falling back into recession. Even before the Greek shock, the outlook was rather moderate, but now euro zone growth is closer to zero.
in www.spiegel.de

Roubini on The Inflation in India

Nouriel Roubini :"...In part, what is happening is that some of the inflationary pressures are external to the country. There is increase in global commodity prices. Oil, energy, food-... that is not directly in your control.But it is also that domestic demand has been robust for good reasons. But, constraints are on the supply side. If demand is growing, supply has to grow as fast to maintain price stability. There are bottlenecks on the productive side of the economy because of lack of infrastructure.  Invest in a various range of economic reforms to sustain an increase in potential growth. Make sure that as potential growth becomes higher, actual economic growth becomes higher and then inflationary pressures get contained. If actual growth becomes higher than potential, then one of the consequences will be rising inflation..."
via www.economictimes.indiatimes.com

Nouriel Roubini : India must keep inflation under control

In an exclusive interview with NDTV, noted global economist Nouriel Roubini who had predicted commodity bubbles way before it happened, about the big challenges to India's economic growth. He said the management of inflation and capital inflows is important along with sound corporate governance.

Roubini Global Economics Arnab Das Sees signs of overheating in India

The Indian markets have been trading in the red for the past few days on concerns that the European debt crisis is spreading and monetary tightening by China.

Roubini on India Economic Reforms

Sustainable economic growth is key to maintain valuations

The potential growth in the emerging markets is higher than that in the developed markets , it ranges between five six percent to as high as ten percent says Nouriel Roubini