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Push for artificial intelligence: India is turning from man to machines to get its economic data right
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Push for artificial intelligence: India is turning from man to machines to get its economic data rightBy Vrishti Beniwal, Bloomberg
Last Updated: Jan 28, 2021, 08:25 AM IST
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Synopsis
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.
Foreign investors have never sold so much in a single year.
Even when viewed in isolation, the $14 billion outflow from India s bond market in 2020 is remarkable: Foreign investors have never sold so much in a single year.
That they did so at a time when Chinese bonds are attracting record foreign inflows underscores just how frustrated some money managers have become with the pace of capital-market reforms by Prime Minister Narendra Modi s government.
While China s steady progress on bond-market liberalization has earned it a spot in benchmark indexes and helped lure $119 billion of inflows this year, India still has some of Asia s toughest restrictions on foreign funds. The country s failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.
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https://mybs.in/2YSdQig Even when viewed in isolation, the $14 billion outflow from India’s bond market in 2020 is remarkable: Foreign investors have never sold so much in a single year. That they did so at a time when Chinese bonds are attracting record foreign inflows underscores just how frustrated some money managers have become with the pace of capital-market reforms by Narendra Modi’s government. While China’s steady progress on bond-market liberalization has earned it a spot in benchmark indexes and helped lure $119 billion of inflows this year, India still has some of Asia’s toughest restrictions on foreign funds. The country’s failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.
Global investors are dumping Indian bonds like never before
Indian finance ministry official said the government is making progress on debt-market reforms and expects to join global indexes in mid-2021 (Photo: iStock)Premium
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. Updated: 18 Dec 2020, 05:25 AM IST Bloomberg
The country’s failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.
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Even when viewed in isolation, the $14 billion outflow from India’s bond market in 2020 is remarkable: Foreign investors have never sold so much in a single year.
That they did so at a time when Chinese bonds are attracting record foreign inflows underscores just how frustrated some money managers have become with the pace of capital-market reforms by Narendra Modi’s government.
Why global investors are dumping Indian bonds like never before
Why global investors are dumping Indian bonds like never before
The exit of foreign investors from India s bonds could become a problem for Modi government as it borrows record amounts to fight the pandemic.
Kartik Goyal 18 December, 2020 8:24 am IST Text Size:
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New Delhi: Even when viewed in isolation, the $14 billion outflow from India’s bond market in 2020 is remarkable: Foreign investors have never sold so much in a single year.
That they did so at a time when Chinese bonds are attracting record foreign inflows underscores just how frustrated some money managers have become with the pace of capital-market reforms by Narendra Modi’s government.