The Indian economy is suffering from schizophrenia, accentuated by external economic shock. Growth is high, consumer inflation low. But domestic investors are playing coy, and foreign investors are scrambling to exit. The stock market is in decline. Fresh graduates from our best institutions are taking entry-level jobs that aren't paying enough for them to be eligible to pay income-tax.
The world's 4th-largest economy has, in a few months, shrunk to being the 6th-largest. Global investors are fixated on two growth areas: AI, and commodities. India is not a player in either.
