 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
Default risks for Indian firms are declining at the fastest pace in more than a decade as the central government deploys huge stimulus to support local companies hit by the impact of the pandemic.
The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined, the most for any two-month period dating back to 2009, according to CMA prices.
The government unveiled $277 billion of stimulus in May and the Reserve Bank of India cut benchmark borrowing rates to the lowest since at
