budget deficit

Bond vigilantes worry as weak Modi government win fans fiscal populism fear

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Bond vigilantes worry as weak Modi government win fans fiscal populism fear

A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more

What should we expect from the FOMC outcome? Arnab Das answers

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What should we expect from the FOMC outcome? Arnab Das answers

“They are not in a position to give forward guidance because we are in many ways such uncharted territory. We have a fairly low unemployment rate below what had been anybody’s estimate of the kind of the natural rate of unemployment and we have a big budget deficit because of various fiscal programmes including subsidies … Read more