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Specialist trader Jason Hardzewicz (L) talks on the phone on the floor at the New York Stock Exchange, May 22, 2013. REUTERS/Brendan McDermid

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Morgan Stanley raises India's FY13 GDP forecast to 5.4 pct

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MUMBAI | Mon Dec 3, 2012 8:59am IST

MUMBAI Dec 3 (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)
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