Sense and Sensex
I won’t pretend I understand anything about finance and markets, or that it interests me particularly, but there is something that is bothering me.
There was recent media euphoria about the Sensex touching 8,000. This is, I’m told, about 3,000 points higher than it should logically be. Now, I’m sure 8,000 is great—yay! bring out the champagne, let’s have a party—but HOW did it happen?
This is predominantly an agricultural country, and the monsoons have been a disaster and the crops have failed this season. How can the economy be on the rise despite that?
Admittedly, I’m not clever enough to have come up with this myself. It was pointed out to me, but I still don’t have an answer. Be grateful is someone clarified, though.