Indian economy: Less fragile, not bullet-proof

Let's give credit where it is due. Over the last six months, the managers of the economy have converted a system in near-crisis into one of the safer places in a battered "emerging markets" grouping. Remember that India was seen last summer as one of the worst performing stock and currency markets, with nervousness underlined by a record current account deficit and the highest fiscal deficit among the major economies.

Read Full Story>>