A desi element

The Bharatiya Janata Party's attempts to promote ancient Indian traditions and the Sanskrit language seem to be rubbing off on foreign investment firms. Analysts at Morgan Stanley Investment Management titled their latest report on the year gone by, "Simhavalokana 2015". Simhavalokana is a Sanskrit term to denote the retrospective gaze of a lion. It is believed that as the lion traverses some distance in the jungle, he looks back to examine the path he chose and how he covered that distance, a footnote in the report explained. However, what the lion saw was not inspiring. The report said that 2015 was unequivocally a bad year for almost all asset classes. To borrow a phrase from American financial manager and writer Bill Gross, investors had been crying in their beers in 2015, it said.