Why So Gloomy, India?
People look at a large screen displaying India's Finance Minister Mukherjee announcing the federal budget on the facade of BSE building in Mumbai (Arko Datta / Courtesy Reuters).
Over at “India Ink,” the India blog of The New York Times, there’s a terrific interview with Ajay Banga—the CEO of Mastercard and the new chair of the U.S.-India Business Council. It’s a striking presentation at a time when there’s been little but gloom and doom about India in the markets.
Why all that gloom? Here are six reasons:






