Markets Shocked by Modi 2.0, but why?

Brilliant piece by Debashis Basu on the current state of policy making in India. I would just add my two cents over here…… when the Liquidity is ample , you can experiment with policies and making abrupt changes with little damage to the system. But, when the LIQUIDITY is turning away, every policy change which constrains the money flow just makes it difficult to revive the system.

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