The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets displayed a spirited bounce-back after nearly four weeks of decline with the Nifty closing at 7,789, or 1.7 percent higher, on the back of supportive global cues and several reforms by the government.
If the most populous country in the world, as well as the largest consumer of raw materials, starts shying away from imports, that means global demand and, by extension, the world economy is taking a real hit.