In an interview with CNBC-TV18, Steve Pagliuca, MD, Bain Capital, said that the ongoing market downswing was more a correction rather than a systemic crash and said that he thinks the Chinese economy is vibrant enough to withstand any shocks.
The United States has postponed the debt ceiling by three months and Steve Pagliuca, Managing Director of Bain Capital Private Equity spoke to CNBC-TV18 about what is means for US politics, US growth and global growth, investment opportunities in 2013 and where India ranks on that list.