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Mihir S Sharma: Xenophobindia

One of the many things about Prime Minister Manmohan Singh that people love to cruelly mock is his tendency to worry aloud about how India’s being perceived in the West that week. His mind is colonised, his Leftist critics fear. Nonsense. Actually, he’s in thrall to foreign capital. We all are. This week, Standard and Poor’s downgraded India’s outlook. One more downgrade and we’ll no longer be investment-grade, and various constrained – or lazy – Western fund managers will take their money out, further choking our economy. In these pages yesterday, ...