Next market trigger will be RBI policy: UBS India

Chat with Aashish Kamat, Managing Director and Group CEO, UBS India

Aashish Kamat, Managing Director and Group CEO, UBS India says,"I think the next big trigger will be Reserve Bank of India's monetary policy and GDP growth rate. I expect RBI to cut interest rates by 25 basis points, if inflation data doesn't sees an uptick. Regarding GDP, I think any figure below 5-5.5% will result in sell-off."

Finance Minister in his Union Budget 2013-14 speech laid focus on social schemes while tackling the core issue of fiscal deficit and current account deficit that is crippling growth in Asia's third-biggest economy.

"I don't think it was populist in anyway as he did not go overboard on subsidy or social schemes. The Budget had a very balanced tone to meet the challenges of fiscal deficit which was brought down to the expected level of 4.8%. "