India's consumption demand remained subdued with continued decline in auto sales and non-oil-non-gold imports. Monsoon rains have improved lately. But the sowing activity is behind last year's levels and will impact rural incomes and demand. Services sector too has slowed down as government spending has moderated. Manufacturing activity remains muted as well. With fiscal prudence being the underlying theme of the Budget and government looking at overseas issuances, Indian yields are expected to come down further. A benign inflation...