Stock markets have received heavy pounding over the past few weeks as escalating fears over the global economic outlook is pushing investors into safer assets like gold.
The stampede out of equities has spared few sectors or individual stocks and has wiped out hundreds of billions of dollars of market value across the world, including India.
This isn’t any banking or stock market crisis that we are facing. Neither it is anymore a government crisis.
Instead, what we are facing now is a ‘crisis of confidence’.
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