JPMorgan: Share sales a viable option for India to trim budget gap

12/10/2013 | Bloomberg

India has some inviting options for narrowing its budget deficit over the next few months if it chooses to sell shares in a number of companies, according to the head of the Indian unit of JPMorgan Chase. "Four hundred billion rupees is absolutely doable. There is great underlying interest from foreign institutional investors in India," said unit chief Kalpana Morparia.

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