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Yes Bank economist says Indian fiscal deficit growth within reach.

Global Banking News-September 2, 2014--Yes Bank economist says Indian fiscal deficit growth within reach

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Global Banking News - 02 September 2014

The chief economist at Yes Bank (YESBANK.NS) has said that India's fiscal deficit target is within reach.

Dr Shubhada Rao, senior president and chief economist at Yes Bank, said that the economy would benefit from an increase in taxes. An increase in tax collection is expected, as the target for tax collection has been pegged very high, she said.

She also added that disinvestment could be a positive surprise and pressure on subsidy burden could be contained by the decline in oil prices.

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Publication:Global Banking News (GBN)
Date:Sep 2, 2014
Words:133
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