India's budget will need to be extra mindful of bond market hawks now
The inclusion of Indian sovereign paper in global emerging-market bond indices, like those of JPMorgan and Bloomberg, will attract capital infows and lower the Centre’s borrowing costs. But the vigil held by bond traders over India’s fiscal deficit will also sharpen.
The inclusion of Indian sovereign paper in global emerging-market bond indices, like those of JPMorgan and Bloomberg, will attract capital infows and lower the Centre’s borrowing costs. But the vigil held by bond traders over India’s fiscal deficit will also sharpen.