Nouriel Roubini points out frothiness in US stock markets driven by AI optimism and examines potential impacts of the upcoming US election. He also discusses geopolitical risks like the Russia-Ukraine war and advises India to focus on high-value-added manufacturing over low-value-added, labor-intensive sectors for achieving its development goals by 2047.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next