Domestic investors betting big, huge consumer market, GOI’s fiscal rectitude & high capex are overriding negatives from skewed growth.Sensex hit 70,000 in intra-day trading yesterday. Nifty hit a record high too. Recently, the aggregate m-cap of listed companies topped $4 trillion. Markets here are poised to surpass Hong Kong’s iconic market in valuation terms. What has also been spectacular is India’s significant decoupling from other Emerging Markets (EM).

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