Finance & Business

India’s economy is growing by over 8%, IBM has just said it would triple its investment in the country and the number of mobile phone customers has hit the 100mn mark.
With these kinds of market-friendly announcements, Indian shares should be soaring.
Instead, Mumbai’s benchmark Sensex 30-share index has virtually wiped out its year’s gains of 34%, caught up in worldwide turmoil over fears rising interest rates and surging oil prices will slow global growth.