Neelkanth Mishra of Credit Suisse feels the weakness in the Indian market is partly due to government's fiscal tightening. But on the brighter side, he believes there will be a pick up in government spending from April 1.
In an interview to CNBC-TV18, Cary Leahey, Chief US Economist at Decision Economics spoke about what the sequester means for the US economy and by extension global markets.
Nicholas Ferres of Eastspring Investments expects Italy to go back for another election and also sees further fiscal tightening in US.
The global economy is "dangerously close to a recession," Morgan Stanley said and slashed its growth forecast for 2011 and 2012, citing recent policy errors in the US and Europe and the prospect of further fiscal tightening in 2012.
In an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, Ajay Shah senior fellow at the NIPFP says that he is in favour of fiscal tightening to deal with inflation.