India’s macroeconomic stability is helping the country compete for increasingly scarce and expensive global capital, with fiscal consolidation, price stability, a stronger banking system and steady reforms strengthening investor confidence, Economic Affairs Secretary Anuradha Thakur said on Sunday. Speaking at the Kautilya Economic Conclave in New Delhi, she said the cost of capital was rising as governments borrow heavily and investors demand greater compensation for inflation, fiscal uncertainty and duration risk.