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Finally, a ray of hope for the Indian economy

Finally, a ray of hope for the Indian economy
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai. Towards the end of May, I had written an article ("Stay close to the exits") about my increasing nervousness about the lack of any nervousness in global markets.  Volatilities of all currencies (and, importantly, gold) were plumbing to all-time lows and, since then, have indeed reached all-time lows. High-yield bonds and equities (including emerging market ...
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