The slowdown cloud

The threats to India’s growth story have become terrifyingly real. Foreign institutional investors, essential to keep funds flowing into much-needed but underfunded infrastructure projects, are fleeing India and heading to other, better-performing Asian markets or to the safe havens that are commodities and precious metals. Even Indian companies capable of investing abroad prefer to do so. India cannot export itself out of this mess, because the destinations for its exports — America and Europe — are in even worse trouble. 

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