The Indian economy is ‘miserable’ at the moment

It would be too harsh to put that the Indian economy is facing one of the worse situation in the last 20 years . images

The FT published a Misery, Indian edition Index indicating fears over policy ‘credibility’ could send the Sensex in such a spin on Friday — India’s benchmark closed down almost 4 per cent — and trash the rupee…according to them this isn’t the classic misery index — for India substituted industrial production for unemployment data, which are lacking — but it’s the first time in over twenty years that it has remained stuck at such a high level, they note.   Continue reading “The Indian economy is ‘miserable’ at the moment”