Speaking to CNBC, Sharma said countries like India are reacting now to economic slowdown after being in denial for a long period of time that there was no slowdown.
Sharma said that the slowdown in the global economy is not new and has been existing for a decade now.
Sharma said he would prefer putting much more capital in neglected countries, calling them "the anti-bubbles in the EM trade”
Sharma has come out with a new book "Democracy on the Road" which is the result of his travels through the country following election campaigns - from Naxalite areas on the border of Nepal to the southernmost tip in Tamil Nadu - for the last 20 years.
The BJP won with 31 percent vote share in 2014 because the opposition was fragmented, seat share was disproportionate and its vote was concentrated.
From Gujarat to Bengal, and from Punjab to Kerala, Sharma has traversed tens of thousands of miles along eight-lane highways and, more often, pot-holed, monsoon-ravaged dirt roads, talking to ordinary voters and leading politicians in remote villages and megacities like Mumbai and Kolkata, publisher Penguin Random House India said.
About 23,000 millionaires have left India since 2014, according to data presented by Ruchir Sharma
If you ask me what is the biggest risk to India in 2018, the single biggest risk is that we have regulatory overkill, said Ruchir Sharma of Morgan Stanley Investment Management at Rising India Summit.
Global climate not conducive for 8-10% growth. It’s unlikely for India to get there, Sharma said.
"This is possibly the cleanest bull market ever in India," That is the word coming in from renowned economist and investor, Ruchir Sharma. Speaking to CNBC-TV18's Shereen Bhan in an exclusive chat he says that quality stocks have worked like never before.
Morgan Stanley's chief global strategist Ruchir Sharma is betting big on the European recovery.
Speaking to CNBC-TV18 Udayan Mukherjee said that the next 3 months is going to throw up a lot of opportunities for buying. â€œYou need to be opportunistic. We are going through a painful phase and it is not over. It is only getting entrenched.â€
Analyst believe that destination tax, if it goes through in US then it will impact many emerging markets significantly. On the other hand, Ajay Tyagi of UTI MF says India will be relatively less impacted because 70 percent of the country's GDP is domestic consumption.
The momentum is with the developed markets and China still remains the biggest risk to the global economy, said Ruchir Sharma, Author & EM Investor.
Morgan Stanley IM's Ruchir Sharma says with China's economy expected to slow further, its declining demand will weigh on oil prices.
Ruchir Sharma, head of EM at Morgan Stanley and author of "The Rise and Fall of Nations", says the world‘s population growth rate has been â€œfalling off a cliffâ€ over the last decade.
Asked for his views on US State Department's observation that India's high growth rates may be overstated, the two-time Madhya Pradesh chief minister said, "I totally agree." Even some Chinese Communist leaders have questioned the "over-estimation" of their country's GDP growth, he said.
"I think India's GDP data is overstated," Sharma told PTI.
Stressing that India's public sector units are 'far too bloated', Morgan Stanley's Chief Global Strategist Ruchir Sharma said the government's proposal to consolidate state-run lenders is not a meaningful reform
Morgan Stanley's Chief Global Strategist Ruchir Sharma on June 29 said no "great" economic reforms are expected from the Modi government as the best time for major policy initiatives is the first two years of a new government
The US democracy has reached a stage where it cannot be shaken by a single individual such as Donald Trump as institutions have maintained balance in the country, says Ruchir Sharma of Morgan Stanley.
Speaking to CNBC-TV18 Morgan Stanley's Ruchir Sharma said we live in a world that is madly disrupted by the crisis of 2008. A few trends have been playing out since then. Brexit has been a big manifestation of that trend, said Sharma.
It is quite possible to get a milder global recession this time based on what is happening in China just because the Chinese economy has become so large and significant in the world today, says Ruchir Sharma of Morgan Stanley Investment Management.
While retaining his Sensex fair value target of 28000 by March, Saurabh Mukherjea, CEO of institutional equities at Ambit Capital, cautioned that the index slipping to 22000 is a distinct possibility.
Sharma says the surprise move by the Chinese central bank to devalue its currency for three straight days, and the sharp fall in its stock markets are clear indicators that the next global recession will not be coming from the developed countries, but will be 'Made in China'