India at high risk of 'BOP' shock

May 03, 2012 13:05

In other news, a reuters report says that India faces a 'high' risk of a shock in its balance of payments, unless the government cuts spending, including on subsidies, or oil prices decline sharply, Morgan Stanley warns. India is the only country in the region with a current account deficit, and a wide one at that, given expectations it hit a record high for the year ended in March.

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