Why India is the only game in town

We are in completely uncharted territory again. The rich world is entering a period of mad, mad, mad, mad money – a period of ultra cheap credit financed by ultra high government debts to finance growth and jobs. A world awash with state-powered liquidity can only lead to one of the following three, or all three, outcomes: higher general inflation, higher asset prices, and massive cross-border movements of money from low-growth to high-growth regions.

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