Long-term India bull Stephen Roach told CNBC on Tuesday that he was turning bearish on Asia’s third-largest economy, and warned that the country’s currency crisis should prove a “wake-up call” for investors.
“I’ve been a big fan and very optimistic on India for a number of years but I’m really having serious second thoughts right now,” said Roach.
India’s beleaguered economy has been in the spotlight in recent months, amid a dramatic decline in the rupee, which has fallen nearly 19 percent against the dollar this year.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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