The cost of breaking the economy's speed limit

Overview

The deteriorating global economic climate ought ordinarily to facilitate Indian market outperformance: the local economy is relatively insulated from the global market, its consumers continue to spend and GDP growth is still around 7 per cent. Assessing whether Indian equities will be able to repeat their outperformance in the wake of the global financial crash of 2008 calls for an all-round review of macroeconomic and structural reform policies. The picture that emerges is not...