Fiscal deficit action to drive mkt: UTI MF
Agencies: Mumbai, Nov 12 2012, 20:11 IST
the first seven months (April-October) of the current fiscal, exports have shrunk by 6.18 per cent to USD 166.92 billion compared to same period last fiscal.
Talking about US and European economies, she said, "though some growth is visible in the US economy and the re-election of Barack Obama is not likely to throw any negative surprises on the policy front, the European risks still persists."
Kulkarni, however, added falling demand from China is likely to support margin expansion of domestic corporates due to falling commodity prices.
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