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The Foundations Of India’s Economic Recovery Are In Place
All the ingredients are now in place for a sustained recovery in Indian earnings growth, argues Saurabh Mukherjea.
23 Mar 2020, 09:29 PM IST
Four times in the last 40 years, a United States recession alongside falling U.S. bond yields and falling oil prices has been followed by a strong economic recovery in India. In fact, India has never witnessed an economic recovery without a U.S. recession preceding it! Now, all three conditions for an Indian economic recovery – a U.S. recession, smashed crude prices, and falling U.S. government bond yields – are in place.
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