business

If deficit touches 6%, get ready for downgrade: Asianomics

The tone of the Reserve Bank of India's (RBI) credit policy move of a 50 basis points hike came as a surprise to Jim Walker the managing director of Asianomics Limited. "They are much more worried about the way the government is acting and the likelihood of a blowout in the fiscal deficit," he says.

first published: May 4, 2011 10:59 am