More hot air: stock market surge-The Telegraph

(The column was first published in The Telegraph on November 2, 2021)

  • India is going through a stock market bull run; little wonder then that Rakesh Jhunjhunwala, its home-grown Warren Buffett, is gung-ho. So is his admirer, Narendra Modi. Given his faith in rational investors, Jhunjhunwala thinks India’s time has just started (even though just started has been just starting over the last seven years). But is the bull run, or stock market jumps as the finance world calls it, truly reflective of the underlying structural economic fundamentals? If that is the case, it would be good news for the world and India…

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