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India risks wealth erosion as savers chase stock rally

A correction in equities would hit closer to home this time because an unprecedented number of Indians would see their wealth erode, unlike previous instances where global funds bore the brunt.


INDIANS pouring record amounts of their savings into a stock-market rally risk getting burned.

Earnings per share at companies in the NSE Nifty 50 Index have stagnated since the run up to the 2014 elections, which triggered a surge in equity prices. The index has risen 50...

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