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Akash Prakash: Blindly bearish on India
The Indian markets are now clearly in disfavour, with investor disinterest moving towards apathy. Trading volumes in India are at five-year lows and still declining. With daily cash volumes now below $2 billion, small changes in buying or selling can have an outsized impact. From our own experience, my guess is that prospective investor flow to the country is also at an all-time low, with most investors