‘Digitisation and direct benefits are making people less angry with the government’

News Snapshot:

This is really the fourth wave we have seen of great foreign interest in India. My only cautionary tale is that the fourth wave has been such that India today is the most expensive stock market in the world. So it just tells you what the expectations are out of India, because when you have the most expensive market in the world, it means valuations are very high. When your valuations are very high, it means expectations are very high. So I can’t find too much wrong with the Indian economy today. I think it’s in very good shape, the...