CPI inflation is expected to moderate from 10.9% currently to around 7% by March 2014 as the government’s steps to correct the bad growth mix (high fiscal deficit and low investment spending) have been showing some results, says Morgan Stanley in its India Economics report
Moneylife Digital Team
Recent macro data have continued to concern investors. Growth has slowed to a 10-year low but macro stability indicators such as, CPI (consumer price index) based inflation and the current account deficit have continued to worsen. These observations were made my global investment bank Morgan Stanley in its India Economics report.
To read more on this click here.....