Original OECD paper
* Around 2025-2030, India's annual growth in GDP - not percentage rate but raw economic output in $ value - exceeds that of entire OECD.
* Around 2035, India's annual growth in GDP exceeds that of China.
Despite rupee hitting record low, Indian bond market sees biggest inflows in seven months
Global investors in August bought the most Indian bonds in seven months, showing signs of returning to a market they’d abandoned for the better part of 2018. The inflow brought no joy for currency traders as the rupee hit multiple new lows in the past two weeks.
Funds plowed $403 million into rupee-denominated bonds after $105 million in July, amid optimism the worst of the yearlong rout that sent the local benchmark yield to its highest since 2014 is over. The streak needs to extend to chip away at this year’s outflow of $5.6 billion that has contributed to the currency weakness.
A rout in emerging-market currencies, elevated oil prices and fears of fiscal slippage before a general election next year have combined to make the rupee Asia’s worst performer in 2018. The currency capped its biggest monthly retreat in three years in August, falling past an unprecedented 71 per dollar on Friday.