Investment Not Worsening But See No Pick-Up: Mahesh Vyas
  • Elizabeth George
  • Sep 13 2013

September 13: CMIE’s Mahesh Vyas says while there is no pickup in capex, project abandonment has come to a halt. The FM has been consistent about controlling the fiscal deficit but it's difficult to balance election programs and managing the deficit, he says, adding that there could be a cut in planned expenditure. He adds that Raghuram Rajan is the perfect fit for the RBI governor’s position but it is unfair to expect too much from him.