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

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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