Pro-market and pro-government economists and commentators will try to tell you that Zomato's record IPO is a sign that there is nothing wrong with the economy.
Pro-market and pro-government economists and commentators will try to tell you that Zomato's record IPO is a sign that there is nothing wrong with the economy. In reality, the IPO's mega success points to the fact that India's consumption story is saturated and all investments are meant only for the top 5% of the country's population.