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Fiscal Restraint Difficult Due To Polls: Masha Gordon

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October 10: Masha Gordon, EM Equity Portfolio Manager at PIMCO, says FII flows will depend on how credible the policies to fix India's problems remains; outflows will be small if the imbalances get repaired. The government took tentative steps on reform last year, but we’re yet to see some full-blown legislative action, she says, adding that it will be difficult keeping the fiscal in check amid weak growth.