Budget 2016: Should balance fiscal deficit and stimulate economy, says Citi

Mohammed Apabhai of Citi said the Budget needs to balance the fiscal while stimulating economy and bank recapitalization.
“It all boils down to maintaining fiscal deficit, increasing investments and recapitalising banks,” he said.

According to him India is one of the most over-owned markets in the region, as well as in the world.

According to him India is one of the most over-owned markets in the region, as well as in the world, and so the sell off could be higher. Investors need to keep hedged positions, he said.

According to him if risk appetite continues to remain low, then selling would continue in emerging markets.