Tourists to India often return home talking about their visit to a land of jarring contrasts. Yet rarely has this description seemed so apt for the country’s markets too.
Asia’s third-largest economy is still stuck firmly in reverse: quarterly gross domestic product fell back again to 5.3 per cent last week, while overall growth this year will almost certainly be the lowest for a decade. Added to this, the most recent round of corporate earnings were unimpressive at best.
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