Equities are worth 150% of India’s GDP. Foreigners are plowing in 2 billion dollars a month into Indian debt. Are the markets going nuts?
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June is the second consecutive month where the economy has been sub-par. Is this just a blip? Or will policymakers have to step in?
The numbers for April are in. We’re trading less with the world, vehicle sales are a mixed bag, and FPI money leaves India. And more.
With a strong economy and falling inflation, RBI keeps rates where they are. Automobiles don’t sell, services exports fall, but power generation stays robust. And more.