Modi budget brings benefits for India ECM and DCM
![India_flag_230px](https://assets.euromoneydigital.com/dims4/default/06518fe/2147483647/strip/true/crop/229x150+0+0/resize/840x550!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F11%2Ff4%2F24562d606692dbdf3dd706a8fb1e%2Findia-flag-230px.jpg)
Indian capital markets are set for a boost following the publication of the first budget from the new government on July 10. ECM activity should pick up after the country raised the disinvestment target for the 2014-15 fiscal year to Rp584bn ($9.8bn). The budget also gave Indian borrowers an incentive to explore international bond markets.
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