"A recovery in investment growth has been followed by an uptick in global productivity growth. On the whole, the buffer of these productivity gains should help the economy withstand the rise in input costs,"
India as a destination is far from attractive, says Jonathan Garner, Managing Director & Head of Global Emerging Market Strategy, Morgan Stanley Research.
Keeping rates unchanged at 0-0.25% and the discount rate at 0.75%, the Federal Reserve late last night announced that it would launch a new USD 400 billion programme.
The average Indian has lost the plot—that's the indication from a Morgan Stanley research report, which says Indians are ready to cut down on savings, instead of cutting down on expenses. CNBC-TV18's Tanvi Shukla and Gopika Gopakumar report in detail.
In an interview with Ramesh Damani, Nirmal Jain, Chairman, IIFL and Ridham Desai, MD, Morgan Stanley-Research, explain the money making maxims of Wall Street and its fund managers.