SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Painful decisions necessary to contain fiscal deficit: Chidambaram

28 Dec 2012 Evaluate

Expressing optimism over the Indian economy and defending some of the tough decisions taken by the government in the recent past, Finance Minister P Chidambaram said some measures may have caused ‘immediate pain’ but they were necessary to contain the fiscal deficit to 3 per cent of GDP for the next three years.

While addressing the National Development Council meeting, Chidambaram said ‘it was imperative to contain the fiscal deficit by augmenting resources and controlling expenditure, some measures may cause immediate pain but this was necessary to ensure that the fiscal deficit came down to three per cent in the next three years.’

By adding further he said, Indian economy has strong fundamentals and factors such as high savings rate, growing services sector, a large middle-class, which continues to create demand and technical and qualified manpower and the youth, would persist to grow at a healthy rate, despite the global economies facing recession.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×