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Morgan Stanley raises India's FY13 GDP forecast
December 3, 2012 / 3:48 AM / 5 years ago

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

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