Punjab, Oct. 1 -- This week India reported industrial production at 8%, manufacturing PMI at a seven-month high, GST collections above Rs 2 lakh crore for a third straight month, and the best September for car sales in years.
The stock market fell for an eighth consecutive week - its longest losing run in 25 years.
Both of those are accurate. Understanding why they are not contradictory is the single most useful thing an Indian investor can do this month.
What the market is actually pricing
Not Indian growth. Three external variables.
Crude. Brent has spent the month between $100 and $110 because the Strait of Hormuz is contested and a diplomatic track keeps failing. India imports most of what it burns.
US rates. The Federal Reserve h...