Diplomacy
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Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains. Full Article | Slideshow
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Credit Suisse cuts India FY13 growth forecast
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1 of 2. Labourers erect scaffolding at a construction site in the southern Indian city of Hyderabad November 4, 2008.
Credit: Reuters/Krishnendu Halder/Files
MUMBAI |
MUMBAI (Reuters) - Credit Suisse has lowered India's economic growth forecast marginally to 5.9 percent from 6 percent for the fiscal year ending March.
The investment bank also reduced its growth forecast for FY14 to 6.9 percent from 7.2 percent, it said in a research note.
"This largely reflects the delayed RBI rate response, although we continue to stress that our projections are above those of the consensus," the bank said in a note.
(Reporting by Subhadip Sircar; Editing by Jijo Jacob)
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