14FEB 2017
10:00 am


The India budget & the Reserve Bank of India

This event has ended

You can download the presentation slides or watch the presentation recording below


Listen to Ashwin Patni, Fund Manager and Head of Product, Axis Asset Management, comment on the recently announced India budget, RBI monetary policy and prospects for the market going forward.


  • Announced budget is supportive of reducing inflation and fiscal deficit, while promoting capital spending
  • 3.2% fiscal deficit target would be close to the lowest an Indian central government has run over the last 20 years
  • RBI has steadily reduced inflation and now has a formal target of 4%
  • Demonetisation, GST implementation and key state government elections are likely to cause Indian market volatility over six months but structural changes support a positive long-term outlook


  • Ashwin Patni

    Fund Manager & Head of Product, Axis Asset Management