Markets unconvinced by growth narrative: 6 key reasons behind the skepticism
The Indian markets have recently experienced two important events: the Union Budget and RBI policy announcements. However, they have passed without creating much invigoration. The correction in equities has resumed, INR/USD crossed the 88 level and India’s 10-year yield has hardened to 6.71% from the pre-policy levels of 6.65%. Evidently, markets are unconvinced about the…