{"id":550698,"date":"2023-01-30T09:42:29","date_gmt":"2023-01-30T04:12:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550698"},"modified":"2023-01-30T10:17:12","modified_gmt":"2023-01-30T04:47:12","slug":"adani-risk-casts-doubt-on-wall-streets-star-emerging-market-bet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-risk-casts-doubt-on-wall-streets-star-emerging-market-bet\/","title":{"rendered":"Adani risk casts doubt on Wall Street&#8217;s star emerging-market bet"},"content":{"rendered":"<p>The start of 2023 was meant to be India\u2019s. The nation\u2019s fast-growing economy and rapidly expanding equity markets had convinced money managers from Morgan Stanley Investment Management to State Street Global Advisors to call it a top investment destination.<\/p>\n<p>Then came the $50 billion selloff in billionaire Gautam Adani\u2019s corporate empire.<\/p>\n<p>It\u2019s a shock that forces Wall Street to reexamine its confidence on India\u2019s expansion and its pro-business government, which helped the benchmark Sensex index trade last quarter at the highest in a decade versus the S&amp;P 500. Those already-lofty valuations \u2014 combined with a scathing New York short-seller report attacking Adani Group \u2014 spotlights the contradictions within India\u2019s runway for growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The start of 2023 was meant to be India\u2019s. The nation\u2019s fast-growing economy and rapidly expanding equity markets had convinced money managers from Morgan Stanley Investment Management to State Street Global Advisors to call it a top investment destination. Then came the $50 billion selloff in billionaire Gautam Adani\u2019s corporate empire. It\u2019s a shock that forces Wall Street to reexamine its confidence on India\u2019s expansion and its pro-business government, which helped the benchmark Sensex index trade last quarter at the highest in a decade versus the S&amp;P 500. Those already-lofty valuations \u2014 combined with a scathing New York short-seller report [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550698","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550698"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550698\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}