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July-Aug Data Shows C.A.D Not A Problem: Saugata Bhattacharya

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September 11: Although we are starting to see silver linings in the form of the trade deficit, experts continue to remain cautious about the government’s fiscal deficit target. Axis Bank’s Saugata Bhattacharya says the FY14 story is one of a confidence deficit and not the current account deficit. “The fisc is emerging as the bigger problem among the twin deficits,” he says, adding that he doesn’t see a major collapse in GDP growth going forward.