The total household wealth in India during this period rose 1.7 per cent to $246 billion.
The new Guv needs to focus on structural inflation problems.
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
Other countries with a large number of cases including Brazil, Russia, Spain and the United States of America, all have more people heading to work.
While a coordinated aggressive monetary easing from the central banks is most likely to offer some respite in the near-term, it is unlikely to improve the sentiments.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
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