India should be part of a global bond index, just like it is for equitiesy
Even if the US recovery seems patchy at times, the overall improvement is steady enough to make it a near certainty the Fed will begin its taper soon, though we will know for certain over the next few days when the Fed meets. From minus 2.7% in Q1 2008, that is well before Lehman, US GDP grew 2.5% in Q2 2013; from 10.1% in 2009 as a result of the need to stimulate a collapsing economy, US fiscal deficits are likely to be down to 4.6% of GDP this year and are projected to fall further to 3.4% in 2014; employment, which contracted by 350,000 jobs in May 2009, has been growing steadily at around 165,000 new jobs per month for the last 3 quarters.
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