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A villager walks at the POSCO India Odisha Project site office at Gobindpur village in Jagatsinghpur district, in the eastern Indian state of Odisha, in this February 7, 2013 file photo.
A villager walks at the POSCO India Odisha Project site office at Gobindpur village in Jagatsinghpur district, in the eastern Indian state of Odisha, in this February 7, 2013 file photo.
(Stringer/Reuters)

SCOTT BARLOW

India careens toward crisis, but markets unfazed

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

India, the world’s second most populous country, is on the verge of financial Armageddon and nobody, including the country’s equity investors, seems to care much.