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Bank of America trader warns India state debt deluge will worsen

Indian states are set to borrow a record amount. This surge in borrowing will impact bond markets. Interest rates are expected to remain high. Investors are cautious about committing funds. This situation could affect private borrowers and companies. The Reserve Bank of India's rate cuts may not fully transmit to the economy due to this supply glut.

24 Dec 2025 9:23 am