Time for another update from that other driver of Futureboom! In this chronicle, Fearful Symmetry reveals budgetary dilemmas, central bank for the world’s largest democracy.
India is expected to have a deficit near 6% for the 2011/12 financial year, which should improve to just over 5% next year. The government also expects real GDP growth to come in at 7.5%, although Fearful Symmetry contends it will be more likely 6.75%
The Indian Central Bank unexpectedly cut rates last week by 75 basis points (0.75%) to 4.75%, having been at 6% for most of 2011.
The report is an insightful read as always, and includes some “gems” taken from government and other official reports.
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