GX INDIA TOP 10(03184.HK)

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OPINION | Budget 2026-27 must balance growth and fiscal discipline

The upcoming Union Budget 2026-27 faces the challenge of balancing growth with fiscal discipline. India's economy, having surpassed $4 trillion, is experiencing a structural shift towards consumption-driven growth, supported by a recovering middle class. Key priorities for the budget include increasing disposable income for the middle class, enhancing credit access for businesses, and promoting long-term wealth creation. Tax reforms and support for MSMEs are essential for job creation and investment. The rise of household investing signals a shift in wealth creation dynamics, emphasizing the need for smart policy choices to sustain growth.

Money Control·
US
EPI
+0.90%
US
NFTY
+0.56%
HK
02836
-0.73%
Money Control·
US
EPI
+0.90%
US
NFTY
+0.56%
HK
02836
-0.73%

India economy to grow 6.8%-7.2% in 2026-27, government forecasts

India's economy is projected to grow between 6.8% and 7.2% in the fiscal year 2026-27, according to a government forecast presented by Finance Minister Nirmala Sitharaman. This marks a slowdown from the current fiscal year's 7.4% projection. The report highlights stable domestic conditions but notes potential challenges from slower growth among trading partners and trade disruptions. Despite strong growth, foreign investors have been selling Indian shares due to valuation concerns and geopolitical issues. The report precedes the federal budget aimed at sustaining economic growth amid global uncertainties.

Reuters·
HK
03404
0.00%
HK
02836
-0.73%
HK
09404
+0.35%
Reuters·
HK
03404
0.00%
HK
02836
-0.73%
HK
09404
+0.35%

India bonds slip as rupee slide blunts RBI bond-buy positivity

Indian government bonds fell as the rupee hit a record low, raising concerns about the effectiveness of the central bank's bond-buying measures. The 10-year bond yield rose to 6.7141%, reflecting market worries over liquidity and government borrowing. The RBI plans to inject over $23 billion to support liquidity, but traders fear that high government borrowing could overwhelm demand. Additionally, New Delhi will sell more bonds to raise 320 billion rupees, putting further pressure on the market.

Reuters·
HK
03184
-1.62%
Reuters·
HK
03184
-1.62%

Why this ‘Indian bear market’ should worry us a bit

The article discusses the current state of the Indian stock market, highlighting a divide between local and foreign investors. It notes that while local investors have been active, foreign institutional investors (FIIs) have been withdrawing significantly, leading to a bear market characterized by relative underperformance and currency depreciation. The author categorizes bear markets into four types and concludes that India is experiencing a Type 2 and Type 3 bear market, with the Indian rupee performing poorly against other emerging market currencies.

Money Control·
HK
02836
-0.73%
US
NFTY
+0.56%
US
FLIN
+0.57%
Money Control·
HK
02836
-0.73%
US
NFTY
+0.56%
US
FLIN
+0.57%

India's central bank advances 1 trillion rupee bond purchases

India's central bank has expedited its plans to purchase 1 trillion rupees ($10.9 billion) in bonds, moving the dates to January 29 and February 5, instead of February 5 and 12. This decision comes after a rise in government bond yields, reaching an 11-month high due to heavy state borrowing and tight liquidity. The bond purchases are part of a broader strategy to inject over $23 billion into the banking system, which includes various liquidity measures. The RBI has already bought 3 trillion rupees in bonds this fiscal year, totaling a record 5.7 trillion rupees.

Yahoo Finance·
US
NFTY
+0.56%
US
EPI
+0.90%
US
INDA
+0.44%
Yahoo Finance·
US
NFTY
+0.56%
US
EPI
+0.90%
US
INDA
+0.44%
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