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Wednesday, March 14, 2012

Indian Fiscal deficit is to be close to 5.2% in FY13

As per FICCI Indian fiscal deficit is close to 5.2% which is on higher side. Not Good for Indian economy.

In Coming Indian budget Indian finance minister may revert back all the stimulus package given in 2008 and put more pressure on disinvestment in order to reduce fiscal deficit which is increasing every year.

For Equity market anything step taken by finance minister which reduce fiscal deficit below 5% is good. If any creditable step taken to reduce it to that level.

But it stay above 5% then bad for market. Let see how finance minister take step in coming budget.