“It’s only when the tide goes out that you learn who’s been swimming naked.” That statement from investment guru Warren Buffett aptly describes the current state of the Indian economy. Even if one separates politics and emotions from this trying economic moment—and believe us, there’s a lot of both going around—the rupee’s free fall tells us something of an eternal law. A flailing government on its last legs does not command the market’s confidence. That’s why you have uncertainty, anger, even fear about the future.