Morgan Stanley raises India's FY13 GDP forecast

MUMBAI Mon Dec 3, 2012 10:47am IST

An Indian labourer walks back to his house after working at a construction site in Chandigarh November 29, 2005. REUTERS/Ajay Verma/Files

An Indian labourer walks back to his house after working at a construction site in Chandigarh November 29, 2005.

Credit: Reuters/Ajay Verma/Files

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)

FILED UNDER:

Politics of Religion

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage