The most important takeouts from Sharma’s crystal-ball for 2016 are that the global economy may be entering a period of recession, and that oil will not rise above $70-80 for the next 10 years. For India, this means 2016 is the year for accelerating reform, through the executive route if not the legislative one. (We shall look at Sharma’s 10 predictions in detail a bit later, but first we need to understand why he was so right in 2015.)