Is India Facing Argentina-Like Debt Crisis? (Bloomberg.com)

Economist Nouriel Roubini of New York University had presented paper last year titled 'A Balance Sheet Crisis in India?' which warned that the Indian economy was heading towards an Argentina-like crisis.

He is somewhat more confident now and says that the new goverment has taken steps to fix this problem.

Other economists and fund managers too are confident that the PM and the Finance Minister, both economists, have the right skills to handle this problem before it becomes a crisis.