India's recent economic failures are the result of the breakdown in accountability at the Centre, says Ruchir Sharma. But mass-based leaders in states are faring much better
Sridhar Sivaram, MD, Morgan Stanley Investment Management explains on CNBC-TV18 that the 25-bps rate-cut by RBI was a welcome move and that the market expects 75-100 bps in repo cuts for rest of the current year of 2013.
Europe should be "realistic," devalue its currency and bear the pain of reforms so that it can emerge from the debt crisis stronger like Asia did in 1997, said Bank of Thailand`s Governor Prasarn Trairatvorakul.
The massive commodities boom of the past decade is at its tail end given the slowdown in one of the largest consumers, China, says Ruchir Sharma, Head of Emerging Markets at Morgan Stanley Investment Management.
Morgan Stanley Investment Management is a bit cautious on the IT sector. "We are currently underweight the IT sector. If you see the result of the last quarter, of all the large majors, it wasn’t very encouraging, 1-3% of growth. Guidance for the current quarter is also not very encouraging," says the managing director Sridhar Sivaram.
The market has had a good run of late, but Sridhar Sivaram, managing director at Morgan Stanley Investment Management, is still circumspect about whether the worst is over.
Experts decode FY12 with their Crystal Ball view.
Global equities are likely to decline 10-20% over the next 52 weeks, says Ruchir Sharma, MD, Morgan Stanley Investment Management