RBI sees India Inc back in investment mode

.........The biggest comforting factor for the central bank comes from the fiscal deficit. The government is showing a resolve to bring down the deficit, which reached a record high during the previous government's tenure. The fiscal deficit target for this financial year is set at 4.1 per cent of GDP. "The fiscal deficit is likely to reduce further in 2014-15. The budgetary targets are realisable, though concerted efforts are necessary to achieve these targets," the RBI said. On the external front, the central bank sees the Indian economy "far more resilient" now due to moderation of current account deficit and a stable rupee, but it warned against market disturbence in the event of quicker monetary tightening by advanced economies..........

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