A recent research report from a prominent Mumbai brokerage house has shocked Indian capital markets by lifting the veil over the Indian stock market’s non-performance. But in doing so, the report also inadvertently focuses the arc-lights on two other consequential issues: the crisis in India’s savings economy and a need to understand the government’s pressing need to perpetuate the myth of a buoyant stock market. This controversial note—titled 1-year, $90 bn and 0% Return Later from Kotak Securities—deflate ...