MUMBAI 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)
Trending On Reuters
India will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. Full Article