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▼ Bearish for Indian equities
Liberalisation gains petering out as India's inward-looking bias persists
The brief
- India's global percentile ranking has improved modestly since 1991
- Weak per capita gains and external vulnerability remain key drags
- Persistent external vulnerability matters for Indian exporters and rupee-sensitive companies
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says
- Govt may hike outlay under two key tax refund schemes for exporters to ₹2 trillion over five years
- Retail trade, banking lead as 10 services sub-sectors clock double digits in July