Bank of America cuts GDP for next fiscal to 6%
Mumbai: Bank of America Merrill Lynch (BofA-ML) today said growth, which dipped to 4.5 percent for the December quarter, has not yet bottomed out.The US brokerage house also revised downward its FY14 growth forecast to 6 percent from the earlier 6.2 percent. It called for urgent measures from the Reserve Bank to revive the sagging growth and said it expects Governor D Subbarao to announce a ...
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