HSBC, MStanley cut India growth forecasts for FY14

Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 percent from 6.2 percent to reflect lower-than-expected growth in the October-December quarter.

hidden March 13, 2013 12:07:49 IST
HSBC, MStanley cut India growth forecasts for FY14

Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 percent from 6.2 percent to reflect lower-than-expected growth in the October-December quarter.

HSBC MStanley cut India growth forecasts for FY14

Reuters

HSBC said it expects 50 basis points of additional rate cuts in the calendar year 2013, and "a slightly more protracted recovery" in India.

Morgan Stanley said domestic and external environment still remain "challenging," but noted that an improving growth in the agriculture sector, a slight pick-up in export growth and more stable private capex could help improve economic growth.

Reuters

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