It’s the economy, stupid! The markets must be crazy!
Equities are worth 150% of India’s GDP. Foreigners are plowing in 2 billion dollars a month into Indian debt. Are the markets going nuts?
Equities are worth 150% of India’s GDP. Foreigners are plowing in 2 billion dollars a month into Indian debt. Are the markets going nuts?
Mobile connections are growing at their 2017 pace. NRIs are making more deposits than ever. The Rupee is strong. But the economy is tepid.