India Budget: Bond Prospects Excite Investors, but Infrastructure a Challenge
India has not been a huge bond issuer and therefore is a very small part of emerging market indexes. That may be about to change.
Mark Mobius: ‘Rupee Rout’ Close to Bottom
The Indian rupee’s free-fall continued on Tuesday, now down 22% against the dollar since January.
Is India Turning a Corner?
Only three years ago, India was shaking off the effects of the global financial crisis better than most, but today India is going through a surprise soft patch that cannot be blamed purely on externalities.
India Relaxes Foreign Investment Cap to Woo Growth
While the rupee has been falling and growth has slowed, contributing to a record deficit, India has embarked on a series of measures designed to reverse the negative trend.
G-20 Boosts IMF Firewall, Pressures Germany
At the summit meeting of G-20 leaders in Los Cabos, Mexico, the focus was on strengthening the firewall of the IMF and pushing Germany to relent on pooled debt and increasing deficit spending.
Businesses Protest Proposed Indian Tax Plan
A letter sent by seven overseas business groups that represent some 250,000 companies warned Prime Minister Manmohan Singh of India that a proposed taxation plan being considered by the Indian government is causing those companies to reconsider their presence in India.
BRICS Hit West Over IMF, Policies
The BRICS were hitting Western nations on Thursday, pressing them for more voting rights at the IMF this year and assailing them over monetary policies they said put the stability of the global economy in danger.