India's complacency with growth rate biggest danger: Ruchir Sharma

In a chat with ET Now, Ruchir Sharma, Morgan Stanley Investment Management, gave his opinion on India's growth despite global turmoil.

What do you say on India's growth despite global turmoil?

India's concern the biggest thing that makes me cautious is that any success brief complacency and I think that to me is the biggest danger that there is this belief in India that no matter what they do they will achieve 8% economic growth almost regardless of what is happening elsewhere in the world. And I think that sort of attitude is something which I find a bit disturbing at the margin that what you almost want in emerging markets for policy makers to be a bit cautious because the reforms in emerging markets if you look at it historically a typically carried out when people have their backs with the wall and not when there is a lot of complacency so I think that to me is the biggest risk that the policy makers are...