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Moneycontrol.com >> Message Board >> View Messages >> Economy
   You are here :     Moneycontrol     MMB      General      Economy
See 50 bps CRR, repo rate hike if inflation hits 12%: CERG (2)   04-Jul-08 11:57Tracked by (0)  
Posted by:   MMB Messenger on ( 04-Jul-08 11:57 )
Omkar Goswami, Chairman Of CERG Advisory feels that India’s growth is slowing down. The growth may be less than 7% this year, he told CNBC-TV18. The fiscal deficit will shoot up, Goswami estimates. He sees a 50 bps CRR and repo rate hike if inflation hits 12%. The real fiscal deficit could be 5-5.5% of the GDP, he added.

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