A less predictable outlook: How will Indian economy do in Samvat 2079?

While the frothier end of the market of unicorns has already seen a low tide when it comes to fresh funding, the more sober end of the market might provide a positive surprise, writes T N Ninan

Writing a year ago at Diwali time, I had noted that the stock market had taken leave of its moorings, if not its senses, by shooting up 40 per cent in the previous year, on top of a double-digit increase in stock values the year before — in defiance of the sundry setbacks of the Covid pandemic. The new Samvat year 2078, I had felt, would therefore see a market correction or at least be a period when it would digest the excesses of 2077. As it turns out, that is precisely what has happened. The most commonly tracked market