Fitch’s reading of India’s economic outlook, and its projection of 7.7 per cent growth in 2017-18 and 2018-19, against 7.1 per cent last year, is an affirmation of India's positive economic growth. Even though Fitch retained India’s sovereign ratings at BBB- with a stable outlook, it expressed confidence that the...
India’s Finance Minister Presents Landmark GST Bill
The long-awaited goods-and-services tax bill, or GST Bill, aimed at creating a single sales tax for goods and services across the country, was introduced in the Lok Sabha (the lower house of parliament) on December 19, by the Finance Minister, Arun Jaitley. While India is one nation of 1.24 billion...
International Investors Make a Splash in India Bonds
India’s stock market is getting more global media attention as it hits new highs, but surprisingly this year it is the bond market which is getting more international money. Foreign investors have been net buyers of more than $26 billion in rupee-denominated bonds this year. That’s the largest ever inflow...