Apr 29, 2013

India: Not Achieving Potential For Economic Growth

"Six per cent is not so bad, but compared to the ambitions and the goal of the country, of growing much more robustly at 8 or 9 per cent, if not higher, to deal with the issues, 6 per cent is not sufficient. A growth rate of 7 or 8 per cent or higher will be consistent with achieving the economic goals of reducing poverty, of having strong economic welfare for many people." - speaking in Mumbai last week

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL),  iShares MSCI Emerging Markets (ETF) (EEM)

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.