Apr 25, 2013

India Cannot Afford To Have An Early Demise Of Its Manufacturing

"India has a significant trade imbalance with China in goods especially and that demand can become a problem. India cannot afford to have an early demise of its manufacturing. The risk is that cheap and good quality Chinese goods are going to crowd out Indian manufactured sector." - in Economic Times

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.