Stock markets are great levellers. This is best understood with the situation we are in currently. We had a heady rally, barring a few sharp corrections over 50 months, starting with the change of pre-election sentiment in 2014. It was touted to be a mother of all bull runs as India stepped into a decade of wealth creation led by a strong leader who had the vision to transform the country after decimating the opposition. Any voices of caution were muffled as it seemed “it was different this time”.
The marketmen latched on to the narrative that India did not prosper