Christian Magoon: India ETF products had a positive week as the Reserve Bank of India (RBI) announced a 50bps cut to India interest rates. The size of the cut was a pleasant surprise to investors and showed an aggressive posture from the RBI. Indian interest rates had not been cut for three years as inflation
Sean Geary: Ratings agency Standard and Poor’s has cut India’s credit outlook to negative over multiple structural concerns plaguing India’s economy. The negative outlook implies “at least a one-in-three likelihood” that India will receive a credit downgrade as conditions continue to degenerate.