INDIA's decisive election outcome has created the potential for further structural reform that could result in a near 7 per cent GDP growth rate over the coming decade, and bank capital injections could enable banks to facilitate funding for that growth. This would have meaningful implications for India's fixed income markets. We believe the next decade for India's FX and fixed income markets will be marked by policy-driven reforms driving accelerated growth with increasing market liberalisation.
Recent figures already appear more encouraging than the dynamics that have been supporting stagflationary recession conditions: The country's balance of payments has improved, spurred by FX depreciation...
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