Fortune has written a critical article, though it gives a backhanded compliment to some of India’s recent achievements. Read the piece here.
None of the statistics that Cait provides can be undermined or ignored. Most of India seem to be getting carried away with the recent surge in the stock market, or the real estate market, forgetting that there does seem to be major structural imbalances.
I am of the view that there is going to be not only a stock market correction, but also an correction to the euphoria that’s prevailing around