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India Insights

Monthly update on Indian markets
28 January 2019
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    Summary

    • The central government will announce the interim union budget in February, ahead of the upcoming national election in May and amidst increased scrutiny of the fiscal deficit for the current financial year
    • 2018 net inflows to the Indian equity market totaled USD13.0 billion, led by domestic investor net inflow of USD17.5 billion, while foreign investors pulled out USD4.56 billion during the year
    • Credit growth in India increased by 15.1 per cent year-on-year (y-o-y) in 2018 (as of 21 December), making this the highest y-o-y increase in five years while corporate leverage is currently around its lowest levels in the last seven years