India aims to reach a US$7-8 trillion economy within five years, driven by its bond markets currently valued at US$2.69 trillion. Corporate bonds play a significant role, reflecting a shift towards debt-driven financing. Despite growth, India’s bond market still lags behind developed economies.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation