Managing Director of Morgan Stanley, Andy Xie also feels that India’s growth rate will slowdown to 6.5%-7% rather than the 8% being touted by Indian policymakers. At a time when the Indian equity markets are facing a crisis of confidence, Morgan Stanley has come out with a report that reiterates India’s inherent economic strengths. The report titled ‘New Tigers of Asia’ states that India, along with China holds the key to the future of the world’s economy. The authors, Executive Director and India Economist of JM Morgan Stanley, Chetan Ahya and Managing Director of Morgan Stanley, Andy Xie discuss the report.
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