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.
For investors wary of China, looking at India makes sense. At more than $300 billion, Evergrande's liabilities alone are more than twice the size of India’s entire corporate bond market.
Last month, the RBI said it will finance at least Rs. 1 trillion of corporate-bond purchases by banks and use a mix of tools to keep debt yields under control.
In a seminal work, former military officers Lt. Gen. D.S. Hooda & Lt. Col. Pavithran Rajan put forth a framework to approach cognitive warfare, called Socio-Technical-Cognitive Battlespace.
India, China and Russia share more contradictions than congruence. Each has a different worldview, as also a different adversary. The rude fact is that BRICS is the most irrelevant of all such groupings.
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