India’s candy spot or merely a delayed second of reckoning? Relying on who you ask, solutions differ. British economist Joan Robinson’s iconic remark – “No matter you possibly can rightly say about India, the alternative can also be true” – is rarely passé in an evaluation of (and about) India.
The constructive aspect posited round an again-fashionable “India decoupling” narrative, is proven up by a inventory market which had held up spectacularly nicely in a 12 months when most main markets have had massive meltdowns. The unfavourable clouds too are nicely recognized.
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