Ruchir Sharma, chief global strategist and head of emerging markets, Morgan Stanley, is one of the world’s largest investors. His reputation as an influential analyst of the post-2008 economic crisis global order was made by his 2012 book, Breakout Nations, in which he examined who, among India, Brazil, Russia, China and other emerging nations, was best equipped to ride out the storm. The Rise and Fall of Nations: Ten Rules of Change in the Post-Crisis World, his just-released second book, is in the same vein. In it, Sharma tries to look beyond the hype and comes out with 10 principles that tell a healthy, growing economy from one that is not. How is India doing by this benchmark, Gargi Gupta asks Sharma. Edited excerpts from an interview:

We haven’t seen evidence of Make in India’s success yet: Ruchir Sharma