'India's macro view favourable for stocks' | india | Hindustan Times
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'India's macro view favourable for stocks'

india Updated: Dec 14, 2006 12:40 IST

International rating agency Standard & Poor's (S&P) said on Thursday that India's macroeconomic view was favourable for stocks, although the fiscal deficit could pose a risk.

"Some potential risk lies in the government deficit which has thus far been offset by a positive capital account, through foreign investment inflows," S&P said in its Asia Pacific Market Outlook for 2007.