India getting back on track

After a run of bad news for the Indian economy over the summer when the world's investors started to turn their back on emerging markets and the rupee went into freefall, the world's second-largest country is showing signs of having weathered the storm. The central bank has raised interest rates to counter inflation and the Sensex index is trading close to its all-time high. The FT's James Crabtree seeks to explain why some parts of the corporate sector appear to be doing well in spite of the country's economic problems