The Sensex, below 10,000 again, may have caught up with key economic indices that suggest India is worse off now in many ways than it was 28 months ago
India’s benchmark stock index, the Bombay Stock Exchange’s Sensex, fell below 10,000 Friday, a level it hasn’t seen since 20 June 2006, finally catching up to macro-economic indicators that point to a rather stark conclusion: the country, and by extension, its people, are worse off now than they were 28 months ago.
The same 28 months that saw the Sensex cross the 21,000 mark had also witnessed other dramatic changes in factors affecting India’s economy and its standing as an investment for foreign companies and investors.
The prevailing sentiment in June 2006 was greed. In October 2008 it is fear supported in part by worsening economic data.
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