India Markets open in 33 mins

‘Govt should focus on slowdown’ says American economist

New Delhi: The Indian government has chosen to focus on ideological considerations rather than economic slowdown, American economist Nouriel Roubini said on Thursday.

The professor of economics at New York University's Stern School of Business also warned that there can be a loss of popularity if the economy goes down.

Without explicitly referring to anti-Citizenship Amendment Act protests, Roubini said "problems on the street" also make foreign investors worried.

He suggested to focus on economic issues at hand.

He said the country's growth, which is all set to fall to a decadal low of 5 per cent, is unlikely to go up this year, but it may "probably stabilise".

India and other emerging markets may take up to two quarters more for a pick-up in economic growth, he said.

Also Read: Tax department rolls back order