Prefer China over India for investments: Stephen Roach
By Prashant R Nair | Published On: January 26, 2012 10:00 (IST) | Duration: 14 min, 21 sec
Morgan Stanley's Stephen Roach says China has a lot of discretion to use fiscal or monetary policy to temper the impacts of the slowdown whereas India has many problems. Current account deficit, weak currency and high inflation prohibit the easing of monetary policy. A high government deficit restrains the use of fiscal policy.