Swaminathan Aiyar suggests India holds a strong position as an investor in the UK, particularly with the Tata Group’s significant presence. Relaxed social security deductions could further boost Indian IT investment. While the government aims for job creation in labor-intensive sectors, Aiyar believes India’s strength lies in its skilled workforce, presenting opportunities in finance, media, and sports.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,