The Magnificent Seven’s dominance of US shares and its outsize impression on the performance of global fairness markets has amplified fears of a model new tech bubble. These fears ignore that the grouping is constructed on sound fundamentals and is driving structural mega trends rather than being a menace to financial stability. The mountain of world debt is of particular concern due to the sharp collection of interest rate will increase in the US. The risk that debt levels in several sectors of the financial system pose to monetary markets should be extra clearly communicated. India’s per capita GDP growth…