Stocks that shaved off more than half of their value include names like Dish Tv India and AU Small Finance Bank
"If there's a country in the world which is really going to affect everyone else and which is vulnerable, it's got to be China today," Kenneth Rogoff, economics professor at Harvard University, told CNBC's "Squawk Box" on Thursday.
The three-pronged catalyst of lower taxes, less regulation and more domestic spending could push gross domestic product well above the trend of the past eight years, the noted author said.
Rogoff, professor of economics and public policy at Harvard University, told CNBC that Indian Prime Minister Narendra Modi's move had been "pretty paralyzing" for the emerging market economy.
Markets world over were being overtly complacent about the Chinese slowdown risk and even the path from hereon looks bumpier than what the Chinese government is portraying, according to ace economist Kenneth Rogoff.
Harvard professor of Economics Rogoff says even if Mario Draghi is successful in pushing ahead with his QE programme, he must aim to have inflation at an average of 2 percent. But slow down in China is a bigger worry for the globe now.
Rogoff started as a professional chess player and became an international master and a grand master. He took a break and took to economics. He graduated from Yale and took his Doctoral degree from MIT.
Harvard professor Kenneth Rogoff, who co-wrote the bestselling book This Time is Different, was in Mumbai recently where he delivered the LK Jha Memorial Lecture at the Reserve Bank of India.
Every month, the US Fed buys USD 85 billion of bonds. Fed Chairman Ben S Bernanke has nearly quadrupled the central bank's assets since 2008 with bond purchase programmes aimed at reducing unemployment by lowering long-term borrowing costs.
In an interview to CNBC-TV18, renowned economists Kenneth Rogoff of Harvard University and Fan Gang, National Eco Research Institute spoke about whether the US economy will get back on track this year
The eurozone is set to top the agenda at the summit. Nouriel Roubini, chairman of Roubini Global Economics and Kenneth Rogoff, Professor at Harvard University give CNBC their views on the geopolitical climate and its impact on world economies.
In an interview with CNBC-TV18’s Menaka Doshi, Kenneth Rogoff, professor of economics at Harvard University said, "I don’t think we ever left the recession in 2008. I call this the second great contraction. It’s a very slow recovery."
The Indian economy has been surging at an 8.9% pace for the past three quarters, but top economists believe that the economy will slow in 2011. High inflation, fiscal deficit and current account deficits will constrain the economy. CNBC-TV18’s Vidhi Godiawala reports with views from the best and the brightest.