India, and the art of driving away FDI

We did, perhaps, need this crisis to remind ourselves how globally connected we all are. There was a time when our experts were talking about “de-coupling” and how our financial systems were stronger, and the post-Lehman global financial crisis did not hit us hard. We also patted ourselves on the back, saying that because our growth was driven by domestic exigencies, we were relatively protected from global swings.

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