Govt May Be Forced To Cut Expenditure: Madan Sabnavis
  • Elizabeth George
  • Sep 11 2013

September 11: Madan Sabnavis, Chief Economist at Care Ratings, believes the Finance Minister will curtail deficit at 4.8%. However, he points to constraints, such as the Food Bill, and lower than expected revenue that may force the government to cut capital expenditure on projects. Meanwhile, markets will be looking for a rate cut or a reversal of some RBI measures from the RBI policy meeting on September 20, he says.