Rashmi Kumar, Editor, GlobalCapital Asia
Anubhuti has been providing macroeconomic research for the India economics team since joining the Bank in 2007. She was ranked the best forecaster for India by Bloomberg in 2013 and the second-best forecaster in 2011. She was named the ‘No. 1 Research Person in India' by Asset Benchmark research in 2009. Previously, Anubhuti was with the Securities and Exchange Board of India covering policy research, and was an analyst covering southern European companies for Morgan Stanley Capital International. She holds a Master’s in economics from the Delhi School of Economics.
Nagaraj is a Senior Rates strategist covering Asian Rates markets, based in Singapore. Before joining Standard Chartered in 2010, Nagaraj worked at Barclays Capital, ICICI Bank and CRISIL (an Indian subsidiary of Standard & Poor’s). He has held a variety of roles across financial markets – analytics, structuring and trading. Since 2011, Nagaraj has consistently ranked among the top analysts for India rates research in client surveys such as The Asset Benchmark Survey and the Asiamoney fixed income poll. He is a mechanical engineer and has a Master’s degree in Management from the Indian Institute of Science, Bangalore.
Understanding where Indian state fiscal deficits are headed is crucial to forming an accurate view of India’s sovereign debt dynamics and assessing implications for the rates market. States’ market borrowing (known as SDLs) is now similar in size to central government issuance and widening state deficits have offset much of the consolidation seen at the central level in recent years.
- The rise in SDLs issuance: Deteriorating finances and shift in sources of financing
- How stressed is FY18 fiscal health amidst farm loan waivers, salary revisions, interest burden and GST?
- Not all states finances are equal
- SDL yields: Disconnected with fundamentals. Why?
- Policy changes: The need of the hour
- Is the INR overvalued?
© Copyright 2017 Standard Chartered Bank. All rights reserved. All copyrights subsisting and arising out of these materials belong to Standard Chartered Bank and may not be reproduced, distributed, amended, modified, adapted, transmitted in any form, or translated in any way without the prior written consent of Standard Chartered Bank