| |
| By the time this letter appears in print, you must have boarded the Mumbai-bound flight from Washington. |
| |
| You are coming to Mint Road at a time when all macro-economic indicators are in the pink of health. The inflation rate is well below 4 per cent, interest rates are at their historic lows and foreign exchange reserves are over $85 billion. There is plenty of liquidity in the system and the level of confidence of foreign institutional investors in Indian markets is very high. |
| |
As if these are not enough, earlier this week global rating agency Standard & Poor
|
