Monday, July 29, 2013

Murphy's law at work in India

Murphy's law states: "Anything that can go wrong will go wrong". This seems especially true in the context of Indian economy and Indian equity markets in the past year. Last year this time, India was grappling with an imminent sovereign downgrade, with an uncontrolled fiscal deficit, policy paralysis of the highest order with no economic reforms for eight long years and a weakening rupee............

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