[T.S.R:15896] Ruchir Sharma: India's Biggest Fallacy Is The Implicit Assumption of 8% Growth

In a chat with ET Now, Ruchir Sharma, Morgan Stanley Investment Management, gave his opinion on India's growth despite global turmoil. What do you say on India's growth despite global turmoil? India's concern the biggest thing that makes me cautious is that any success brief complacency and I think that to me is the biggest danger that there is this belief in India that no matter what they do they will achieve 8% economic growth almost regardless of what is happening elsewhere in the world.   And I think that sort of attitude is something which I find a bit disturbing at the margin that what you almost want in emerging markets for policy makers to be a bit cautious because the reforms in emerging markets if you look at it historically a typically carried out when people have their backs with the wall and not when there is a lot of complacency so I think that to me is the biggest risk that the policy makers are... Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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