Morgan Stanley raises India's FY13 GDP forecast
MUMBAI (Reuters) - Morgan Stanley has raised India's FY13 GDP growth forecast to 5.4 percent from 5.1 percent, citing better-than-expected GDP growth for the September quarter and also the stabilization in non-agriculture growth indicators.
India's economy grew 5.3 percent from a year earlier in the July-September period, provisional GDP data showed on Friday.
The investment bank also said it thinks non-agriculture GDP growth has bottomed.
(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- Google launches new email service dubbed "Inbox"
- Canada's parliament attacked, soldier fatally shot nearby
- Attack on parliament, killing of soldier stun Canada's capital
- China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
- Lax security in focus after attack at Canada's parliament
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article