Signs
of investor reticence are visible across all emerging
markets. There is a more serious fear of the exit of
foreign investors from equity and bond markets, consequent
to a readjustment of monetary policy in the advanced
economies. Indian stock markets are faltering as well,
yet India is one of the better performers.
*
This article was originally published in the Frontline
Print edition: December 17, 2021.
|
