Beauty they say lie in the eyes of the beholder. But what if the beauty is skin deep? The kind of returns expected from the market (a P/E close to 24) calls for a double digit growth of Indian GDP. But there are enough internal pulls and pressures that would restrict the growth to below 10%. Then, there are beasts lurking around. Beasts that can mutate into even dangerous forms as foreclosures rise, growth stalls around the globe etc. When the backyard catches fire, the flirtation will end. Ergo, the foreigners will turn back.
We are passing through exciting times and deep bruises are par for the course.