New Delhi, Mar 25: One of the largest global asset management organisations, Morgan Stanley Investment Management said that there is no boom in the Indian Economy.
The true boom that we saw in India was between 2003 and 2007 which was last decade.
In an interview with CNN-News18 which will be telecast on Saturday night, Ruchir Sharma, Chief Global Strategist of Morgan Stanley Investment Management said, “That was the time when the global economy was booming and our exports were growing at 30 per cent a year.
Whether it’s the consumption of your goods or cement or construction or real estate, every single thing today is lower, the magnitude is the only thing by which it differs, by how much lower, like construction, real estate are really in the dumps.”
He further said, “What we have now basically is a sort of steady incremental story.
