Mark Konyn has expressed his views on Indian inflation, currency and fiscal deficit and his free and frank opinion on the subject is as stated below:
The policy options in India are quite limited. Although we have seen a better inflation number, the best numbers for about two years, but I think the policy is still pretty limited. You have got a weak currency relatively. You have got budget deficits and you have got persistently high and structural inflation. So that means in an environment where you have got falling earnings growth, I think investors are going to still find it quite difficult to be convinced that this is a recovery that will be sustained through the whole of 2012.
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