Indian economy not in 'stagflation': Roubini

April 24, 2013 21:38

Noted American economist Nouriel Roubini today said India is not passing through stagflation but maintained that the prevailing conditions are "not ideal" for faster economic growth and the cost of doing business is too high in the country due to "excessive levels of corruption".

"Inflation is high but growth has slowed down. It's not truly stagflation but certainly the situation is not ideal," Roubini said.

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