Strong macros, weak global rewards: Survey flags new growth paradox, says Dharmakirti Joshi, CRISIL

Despite a benign macroeconomic backdrop, persistent capital outflows and sharper depreciation of the rupee against the US dollar present a paradox. In this context, the survey observes, "India's strongest macroeconomic performance in decades has collided with a global system that no longer rewards macroeconomic success with currency stability and capital inflows."