The potential for boosting saving and investment that this entails considerably enhances India’s emergence as the world’s economic powerhouse of the future. In fact, this momentous development  2 William Shakespeare, Julius Caesar.
First of all, monetary expansions normally raise the prices of some financial assets; 8 there is ample evidence, in fact, that while QE has indeed compressed the yields on a range of longterm bonds, it has raised the prices of shares. 9 Second, looking beyond finance, real assets like housing are likely to play a key role.