India: A Bright Spot Amidst The Global Recession?
Sunday, August 16th, 2009Nouriel Roubini, of the infamous (and silly) Dr Doom moniker, says India might just do OK. Despite slowing from highs of 8% to 9% growth, India’s economy will grow close to 6% in 2009. Amid domestic and global liquidity crunch, large domestic savings and corporate retained earnings are financing investment. Sluggish labor market and wealth [...]