Temporary Setbacks Likely for India
After appearing on "The Strategy Session" on Monday, Michael Gavin, managing director and head of emerging markets strategy at Barclays Capital, continued the discussion off-air with David Faber, about how investors should weigh the risk of sharp price appreciation against the rewards of high-octane growth in India.
"We're likely to see a soft landing in India...the market is right to be concerned, a 25-30 percent possibility that there can be some temporary setbacks in what is one of the most promising long-term growth stories in the world," Gavin said.
Check out our entire conversation with Michael Gavin in this web exclusive to see why China's frothy housing market was a great motivator for China to tighten, as they have been doing.
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