Long-term India bull Stephen Roach told CNBC on Tuesday that he was turning bearish on Asia’s third-largest economy, and warned that the country’s currency crisis should prove a “wake-up call” for investors.
“I’ve been a big fan and very optimistic on India for a number of years but I’m really having serious second thoughts right now,” said Roach.
India’s beleaguered economy has been in the spotlight in recent months, amid a dramatic decline in the rupee, which has fallen nearly 19 percent against the dollar this year.
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