December 3, 2012 / 3:48 AM / in 5 years

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.

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

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below