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Ruchir Sharmas India scorecard: How it fares on his 10-rule benchmark

Ruchir Sharma says India remains a middling investment story rather than a clear outperformer, with strengths in demographics, inflation and currency stability offset by weak private and foreign investment, high valuations, regulatory intervention and concentrated billionaire wealth. His broader view is that India consistently disappoints the optimist and the pessimist, making a simple bullish or bearish narrative difficult.

28 Sep 2026 2:32 pm