High interest rate like the Indian RBI's 8 percent repo rate is a constraint to growth. It seems a self-evident truth.
With vast development possible and necessary, and with such a pool of young people, India is blessed with dynamics of growth, only the repo rate needs to be lower, and cheaper money be made available to the Indian people.
The Sensex is poised for an upward movement, and there will be no flight of capital. To the contrary.