Indian Government Bonds in JP Morgan Index Sub: Economy Sec: External Sector Inclusion and Timeline: The inclusion of Indian Government Bonds (IGBs) in JP Morgan’s emerging markets bond indices will start on June 28, 2024. This inclusion will be phased over 10 months until March 31, 2025. Expected to bring in $20-25 billion […]
India’s Water Stress and Its Impact on Credit Profile SUB: Economy SEC: Indian economy Moody’s Rating and Warning: Current Rating: India is currently rated Baa3 stable by Moody’s, the lowest investment-grade rating. Warning: Moody’s cautions that India’s growing water shortage and frequent climate change-driven natural disasters could negatively impact the country’s sovereign credit […]
K-Shaped Recovery and Inflation Trends in India SUB: Economy SEC: National Income K-Shaped Recovery: K-shaped recovery refers to an uneven economic recovery where different sectors, industries, or groups within the economy recover at different rates. Current Situation: India’s economic recovery post-pandemic is described as K-shaped, driven by demand for higher-end goods and services. […]
India’s External Debt SUB: Economy SEC: External Sector Overall Debt and Growth: Total External Debt: $663.8 billion, an increase of $39.7 billion from March 2023. Debt-to-GDP Ratio: Declined to 18.7% from 19.0% in the previous year. Valuation Effect: Impact of Currency Appreciation: The appreciation of the U.S. dollar against the Indian rupee and […]
Bank deposits are growing but how well are they protected? Sub: Economy Sec: Monetary Policy Context: With interest rates rising, deposits have grown. On an absolute basis, the year-on-year growth in value of insured deposits was 3.4 per cent from September 2022 to September 2023. The rise was higher in previous years at […]
India-UK FTA Negotiations Sub: Economy Sec: External Sector Visas Not a Priority Indian High Commissioner to the UK, Vikram Doraiswami, stated that visas are not the primary concern for India in the Free Trade Agreement (FTA) with the UK. Despite frequent British media reports emphasizing visa issues, India’s main focus lies elsewhere in […]
India’s Current Account Surplus in Q4 FY24 Sub: Economy Sec: External Sector India’s current account recorded a notable surplus of $5.7 billion (0.6% of GDP) in Q4 FY24, a significant turnaround from a deficit of $1.3 billion (0.2% of GDP) a year ago. This marks the first surplus after ten consecutive quarters of […]