# Prof. Michael Spence discusses India's economic outlook

1 Faculty News May 31, 2014 ![](/sites/default/files/styles/246w/public/assets/images/cnbctv18.jpg?itok=-SChfGu_)>

Excerpt from [CNBC-TV18](http://www.moneycontrol.com/news/economy/india-to-outpace-chinatermsgrowth-michael-spence_1095594.html) -- "Nobel laureate and an acknowledged authority on growth and policy in developing countries, [Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) feels that on policy side, the government should have an open approach. 'The potential in India is enormous. The human capital, the talent and so on, it’s just a matter of getting the obstacles out of the way,' he told CNBC-TV18’s Latha Venkatesh."

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