(Bloomberg) -- BlackRock Inc. is sticking to its bullish view on Indian bonds, brushing aside market concerns that Prime Minister Narendra Modi’s narrow...
-- BlackRock Inc. is sticking to its bullish view on Indian bonds, brushing aside market concerns that Prime Minister Narendra Modi ’s narrow election win may spur populist spending.Modi Vows to Retain Power Even as Party Loses India Majority
While expansionary spending is a risk, a “significant deviation” from efforts toward fiscal discipline is unlikely as the coalition of parties led by Modi retains a majority, he added. Modi’s government had taken decisive steps to rein in the deficit, bringing it down to 5.6% of gross domestic product in the fiscal year ended in March and aiming to lower it even further to 4.5% by 2025-26.
“The structural inflows on the back of index inclusion, which will happen over the next 10 months, will provide a technically positive backdrop,” he said. "It’s a terrible, terrible path that they’re leading us to," the former president said. "And it’s very possible that it’s going to have to happen to them.”If You Had Invested $1,000 in Gold 10 Years Ago, Here’s How Much Money You’d Have Today
Bloomberg Reserve Bank Of India Fiscal Consolidation Neeraj Seth Blackrock Inc Chief Investment Officer Election Outcome
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