Budget 2013: India vs 150 emerging markets

Compared with other emerging markets in the world, India's is the most stable growth path and its inflation level is better than average. However, its economy is in crisis. India's sovereign debt is just a shade above junk level. And, if India goes off its reforms track, its bonds stand the risk of being downgraded to junk, which has serious ramifications for the entire economy. Has this Budget done enough to boost global confidence in the India story? NDTV's Prannoy Roy discusses with Chief Economic Advisor Raghuram Rajan and Morgan Stanley's head of emerging markets, Ruchir Sharma.