Oil prices as India’s stealth saviour

Much like the proverbial frog that fails to notice a slow increase in the temperature of water in the vessel, markets, too, at times, fail to notice incremental changes. Markets obsess about the next “game changer” event at the expense of not focusing on more gradual, but decisive, shifts in other variables. For commentators, a game changer could be an election, a budget or a central bank meeting. 

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