Argh…Japan: India in the near future can never have a scenario like Japan as we are a growing economy. Deflation is only for this year as it’s an YoY comparison and while we move onto next year it would be inflation in low single digits.
Agree, If Page falls, it would be a very good opportunity to ride the economy turnaround.
Disclosure: As already made, I’m invested in Page. I read somewhere that stock markets discount any macro positive turnarounds about 6 months ahead and any negative turnaround markets will be a bit late to discount 
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