BRICS pack a good initiative by emerging nations: Joseph Stiglitz

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Joseph Stiglitz said creation of BRICS was a good initiative by emerging market economies as they have resources to have better economic growth. Reuters Joseph Stiglitz said creation of BRICS was a good initiative by emerging market economies as they have resources to have better economic growth. Reuters
SummaryJoseph Stiglitz said that creation of euro was a big mistake and there is a need to restructure euro zone.

Account Deficit (CAD) that needs to be fair....the percentage of the resources in terms of investment that is going to come from internal sources is very very high.

"So whatever happens on the global front don't make much difference (for India)," Ahluwalia said.

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