Daniel Lacelle writes a very concerning piece on Indian economy which goes against the popular understanding of the fastest growing economy in the world.
He writes….India’s rising populist policies are part of the nation’s current problems.
Recent data is quite concerning.
August Nikkei Services PMI came at 51.5 vs 54.2 in the previous month, a 5% monthly drop.
Sovereign bond yields are at the highest level since 2014.
Industrial production and growth estimates are coming down (via Focus Economics).
Read Full article below
https://www.dlacalle.com/en/india-the-biggest-risk-in-emerging-markets/
Hi Ritesh,
Thanks for all ur posts, have read Daiel’s posts and unfortunately it seems more like rear view driving as one is aware of the data and he has collated them together. Solutions (which are rare to find) would help in planning/execution.
Regards
oh I am not taking it too seriously but india is having a lethal cocktail of falling currency and stubbornly high crude prices.so just keep it in back of mind