Forecasts out from the India's fin ministry
- economy has made considerable progress but challenges remain
- govt to stick to budgeted fiscal deficit target of 3.9%/GDP
- fiscal outlook for 2016/17 looks challenging
- GDP growth powered only by pvt consumption. Public investment is a cause for concern
- oil prices not likely to rise soon or dramatically
- India needs supply-side reforms
- expects some improvement in exports next year
The current EM powerhouse rightly expressing notes of caution
