Morgan Stanley raises India's FY13 GDP forecast

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.

hidden December 03, 2012 09:51:38 IST
Morgan Stanley raises India's FY13 GDP forecast

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.

Morgan Stanley raises Indias FY13 GDP forecast

The investment bank also said it thinks non-agriculture GDP growth has bottomed. Reuters

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.

Reuters

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

US elections: Donald Trump has normalised selfishness, made it America's national credo
World

US elections: Donald Trump has normalised selfishness, made it America's national credo

When a once-in-a-century pandemic strikes, public health experts ask all to wear masks, but the US president tells Americans that mask-wearing is one of those rules not to be followed (like paying taxes, like the emoluments clause, like campaign finance laws, like obstructing justice)

US Election 2020 Key Issues: Jobs, the economy and where Trump and Biden stand
World

US Election 2020 Key Issues: Jobs, the economy and where Trump and Biden stand

While President Donald Trump touts the country’s pre-pandemic economy, Joe Biden is focussing on building back better, promising to 'create millions of good-paying jobs'

After COVID-19 lockdown, Mumbai Metro gets tepid response; schools partially reopen in UP, Punjab, Sikkim
India

After COVID-19 lockdown, Mumbai Metro gets tepid response; schools partially reopen in UP, Punjab, Sikkim

China, where the pandemic began in December, became the first major economy to return to growth with a 3.2 percent expansion in the quarter ending in June