Emil Wolter, Head of Regional Asian Equity Strategist at RBS told CNBC-TV18 that the fiscal deficit in India has become very challenging. He sees fiscal deficit touching 7% if crude continues to remain at elevated levels.
While he sees the Indian markets underperforming, he finds that Indian markets have the potential to rise 30% from current levels in the next 18 months. On IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
