Need Export Data To Be Stronger: Nizam Idris
  • Elizabeth George
  • Sep 30 2013

September 30: Macquarie Bank’s Nizam Idris says a 0.2% overshoot above the fiscal deficit target is not worrisome on its own, but it is if you see it along with CAD, which reflects an economy’s savings. “The broader picture is more damaging,” he says. Trade data will improve on steps that have been taken so far but the question is whether exports can do better, he says, adding that exports is big indicator for rupee and fiscal deficit.