Tuesday’s market recovery offers little solace. Ask India’s fear gauge.
Source: Live Mint The India Volatility Index surged 65.7% on Monday to 22.8—its highest spike since its inception in 2007. On Tuesday, the gauge dropped to 20.44, but was up by about 47% over five trading days as US President Donald Trump unleashed a global trade war last week. India VIX reflects the market’s expectation…