It’s A Bond Not Equity Budget, Says Morgan Stanley’s Ridham Desai
Nirmala Sitharaman, India’s finance minister, center right, Anurag Thakur, India’s finance and corporate affairs minister, second left, and other members of the finance ministry pose for a photograph outside the North Block of the Central Secretariat building in New Delhi, India. (Photographer: T. Narayan/Bloomberg)

It’s A Bond Not Equity Budget, Says Morgan Stanley’s Ridham Desai

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India’s Union Budget 2019 favours the bond market over equities, according to Morgan Stanley’s Ridham Desai.“The government bonds are in a bull run,” Desai, the head of India equity research and In...
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