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Its spokesmen credit the current strength of India's economy, expected to grow by at least 7% this year.
ECONOMIST: The temptations of victory
It isn't enough to compare the spread to its average, Mr. Fridson says, because the average doesn't reflect the current level of default risk, the strength of the economy, the yield on government bonds or the availability of credit.
WSJ: Is It Time to Trash Junk Bonds?
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