In an era of polarised politics and fiscal inertia, the world’s most powerful democracies struggle to issue debt beyond 30-50 years. Yet a private entity has convinced the market of its viability through the year 2126.
New Delhi plans to borrow 17.2 trillion rupees ($187 billion) in the year starting April 1, Finance Minister Nirmala Sitharaman said in her budget speech on Sunday.
The concern is not that 2025’s rally was irrational, but that it may be difficult to repeat. Outlooks remain anchored to AI investment and growth without reigniting inflation.
Report looks at imbalance between equity & corporate bond markets amid India’s growth ambitions and diverse capital needs, while outlining strategy to unlock full potential.
Inclusion of Indian bonds on J.P. Morgan’s emerging markets index may lead to more foreign investment & lower borrowing cost. Dollar inflows could imply rupee appreciation & higher liquidity.
The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 am IST, after closing at 7.2750% Wednesday. The yield fell to 7.1469% after the decision, against 7.2857% before that.
Govt & RBI have held talks with JPMorgan emerging markets bond index , but index managers need approval from investor committees. Announcement expected to take at least 2 quarters.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
Report on impact of AI emergence—drawing upon depositions from several ministries—confirms that the developments come in the absence of AI laws or considerations over them.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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