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India Not In A Good Place At All: Bhanu Baweja

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September 11: “I’m surprised that India has not been downgraded yet,” says Bhanu Baweja of UBS Investments. He does not think India will achieve its fiscal deficit target of 4.8% unless the government cuts its planned expenditure. “There are some positives, exports are rising and a good monsoon will boost rural consumption,” he says, adding that growth can improve only modestly from current levels.