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India’s growth-focused budget for the upcoming fiscal year, on the back of record market borrowing, has fuelled worries among bond traders who fear the central bank may now be forced to act on the inflationary risks, despite its dovish policy stance. Coupled with global crude oil prices at seven-year highs and expectations for the U.S. ...
India's growth budget sparks concerns on inflation, tighter rates
(Bloomberg) -- Indian bonds are set for a torrid year, with supply rising to record levels while demand wanes. Citigroup Inc. offered a glimpse of the conditions facing the nation’s debt when it withdrew a buy call within a day of recommending purchases.
The major disappointment in Union Budget 2022-23 continues to remain on the government's focus on boosting supply side over demand, experts said."We would have loved to see some balance between boosting industry and supporting individuals. ...
The Union Budget 2022-23 continues to focus on boosting supply side over demand, with no mention of rural employment, ta sops, and the continued divide between the formal and informal economy.