India Part Of The ‘Fragile Five’: Morgan Stanley
  • Elizabeth George
  • Sep 26 2013

September 26: Morgan Stanley’s Ridham Desai says that corporate India is now grappling with higher interest costs, and risk defaults which could hit banks. Global investors have been going up and down in their view on India, he says. India is now part of the 'Fragile Five' countries, which need to reduce their global dependence for funding deficit, he says, adding that this group needs to accelerate the reduction in CAD, which adds to growth risks.