Synopsis
In 2020, India’s economy contracted very sharply. In fact, the contraction was the sharpest in any major economy in the world. From that, we are getting this incredibly sharp bounce. Now, remember that the global economy itself is going to bounce back and will possibly grow at a rate of over 6% in 2021, said Sharma
In a conversation with ET’s Swaminathan Aiyar, Morgan Stanley’s head of emerging markets Ruchir Sharma says if India is able to grow at over 5%, it will be among the fastest growing economies in the world. Edited excerpts:
Swaminathan Aiyar: These are exciting days everywhere, including in India. Part of the reason of course being Covid… Many people said what will cause the next bubble to pop? Absolutely, nobody said it will be a disease and
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