Changing landscape: A worker sits on containers at a port in India. Some fund managers are betting on the government’s commitment to improving macroeconomic stability. — Reuters
New Delhi: Some of India’s biggest bond fund managers say the nation’s interest rates are set for a long-term decline, ushering in a new investment era for the US$1.3 trillion government-debt market.
Bandhan AMC, Kotak Mahindra Asset Management Co and DSP Investment Managers Pvt are among those arguing that improving macro conditions will lead to a structural slide in policy rates.
