NEW DELHI: Terming India's GDP number as "overstated", Morgan Stanley's Chief Global Strategist Ruchir Sharma has called for more private investment for the economy to get back on track. "There is no economy which does well with high inflation rates. "If you look at all successful economies of the world... China , Korea, Taiwan all grew very rapidly when their inflation rates were low. "I have always said about India, this is a country which always disappoints the optimist and pessimist," he added.According to Sharma, higher FDI flows into India is "a very positive story". "The private sector investment is still not picking up in India," he noted, linking low sustainable inflation to "very high" level of investment.RBI's decision to bring inflation to 5 per cent this year, he said, is in line with emerging market economies' average.

Source: Economic Times July 03, 2016 05:37 UTC