HomeNewsBusinessMarketsMorgan Stanley sees FY12 fiscal deficit at 9% of GDP
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Morgan Stanley sees FY12 fiscal deficit at 9% of GDP

Chetan Ahya of Morgan Stanley expects fiscal deficit for FY12 to come in at 6%. Speaking to CNBC-TV18, he says, "Including off-budget expenses, the figure could be nearly 9% of GDP."

December 19, 2011 / 17:48 IST
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In a controversial move, the cabinet yesterday cleared the food subsidy bill which warrants nearly Rs 1 lakh crore per annum to be allocated to the purpose. With current account deficit already large for the nation, what will this move do to our fiscal deficit?


Chetan Ahya of Morgan Stanley says that fiscal deficit for FY12 is likely to come in at 6%. Speaking to CNBC-TV18, he says,
TAGS: #currency market #Current account deficit #dollar/rupee #emerging markets #FII View #fiscal deficit #NRE deposit rate #risk appetite #rupee depreciation
first published: Dec 19, 2011 11:13 am

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