Some of you might remember the cover image of the badly bruised face of a man staring at you from the Forbes India Investment Guide 2012, around exactly the same time last year. It wasn’t a pretty sight, signalling the onset of a brutal year for investors. It did turn out to be a rough ride, at least for the first half of the year. The economy slowed down, the real estate market tied itself up in knots and the stock market went downhill for the first seven months. And then, something strange happened. If you were an investor who took the body blows, and still stayed on in the ring, the chances are that you’d be smiling by the time the year was over, what with the Sensex delivering a return of 27 percent.
(This story appears in the 25 January, 2013 issue of Forbes India. To visit our Archives, click here.)