Pramit Singh agrees with the Economist’s view that India is boiling over.

For a while we have been getting punch drunk with media reports about how ‘great’ our country was becoming (?); how our GDP beat the U.S.; how everyone wants our ‘for cheap’ coders, our minerals, and our unlimited supply of all-aspiring, all-consuming middle class.

Bombay Addict disagrees and offers a point-by-point refutation.

Btw, did you know India has among the highest ROEs in the world ? which means we’re sweating our assets better. Also remember that these capacities were built almost a decade back and if you’ve got India shining then dude, these 10-year old capacities are going to be exhausted and in need for expansion. And also have a look at the booming capital goods sector which amply demonstrates that Indian companies armed with stronger balance sheets are also seeing visible demand growth and are hence reinvesting.