Mountain, meet Molehill

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ILFS default. Yes Bank succession disaster. Housing Finance Company Books Cooked. Jet Airways on the verge of default. It is carnage. If you have been following financial media over the last two weeks, we’re already at 2008-level crisis-alert levels. The wheels are coming off the India equities growth story and there are many obvious reasons why, we are being told, by patient experts. The problem is, they only started explaining how a combination of trade wars, impending elections and bond defaults explain the correction after it has been well underway. Now, I have no idea whether this is a complete reversal in

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