World's best analysts crystal gaze on India's crisis

THE ECONOMIC TIMES Thu, Aug 29, 2013 | 03:32 PM IST Special Newsletter

India can't do much about rupee fall: Jim O'Neill "India needs to reduce its vulnerability," O'Neill said. "India's coalition politics hurting economic growth prospects," he added. Rupee is quite undervalued, stop fretting over CAD: Mark Mobius The government should stop fretting over CAD and instead focus on enhancing efficiency and productivity, says Mark Mobius. India has serious macroeconomic problems, invest in real-estate: Jim Rogers "I expect India to have serious problems. Much of the world is going to have serious problems."

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More Stories India beats China to the next emerging market crisis! Ruchir Sharma said India’s fundamentals have deteriorated steadily since 2007. The CAD has exploded from $8 bn to $90 bn; it now equals 5% of GDP. Food Security Bill won't eliminate hunger, will not help win elections The Lok Sabha has passed the Food Security Bill. Sonia Gandhi claims it will save the needy from hunger and malnutrition. If Indians start consuming less gold, prices will come down: Jamal Mecklai "The dollar demand looks to be genuine. It is month end and people have to pay for imports." Look beyond textbooks to undo the damage: KV Kamath Textbooks were written when you did not have to deal on a real-time basis with several markets. So it is time to push them to the back of the table. Rupee plunge won’t hit India’s debt payment capacity: Atsi Sheth, Moody’s The catalyst for the depreciation of rupee are international expectations of a global liquidity and interest rate environment, says Atsi Sheth. Markets have got into a self-fulfilling vicious cycle : Sajjid Chinoy, JPMorgan 'Nobody grudges the food security bill. It is a moral imperative for any developing country,' says Sajjid Chinoy, JPMorgan Four ways to think out of the gloom-and-doom hypothesis Our economist-prime minister’s stock has fallen faster than those that make up the Sensex, which itself looks ready to dive. Economic policy-making not a T20 or one-day match: Jairam Ramesh "When the going is good, our swagger is unbearable and when the going gets tough, our despondency is equally unbearable.' Very bullish on India from long-term perspective: Peter Elston, Aberdeen "There is a lot of ignorant money that has been flowing into India over the last three of four years.," Peter Elston said. India's story is definitely not over: Nimesh Shah, ICICI Prudential AMC Every correction can give rise to an opportunity. But, the quality of correction is more important than the quantum of correction.

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