Citigroup has lowered India’s economic growth forecast to 5.7 per cent, from 6.2 per cent earlier, for the next financial year and said continued action from all policy makers is needed to reverse the decline “Taking into account the 5 per cent GDP estimate for FY13 and revisions to past data, we
1.34 PM Feb 10th 2013
Indian government has lowered the forecast to 5 percent for Fiscal Year 2012-2013 from previous estimates of 6.2 percent. Farm growth in the country is expected to grow by 1.8 percent and manufacturing growth forecasted at 1.9 percent in the Financial Year 2012-13
3.45 PM Feb 8th 2013
Source:DNA India - The BSE benchmark Sensex on Thursday fell by over 59 points after lower economic growth forecast dampened investors sentiment amid a weak global trend. The Sensex declined to close 59.40 points, or 0.30%, to 19,580.32. The gauge had lost 366 points in last five trading sessions
1.37 PM Feb 8th 2013
Source:India TV - Mumbai, Feb 7: The BSE benchmark sensex fell by over 59 points on Thursday after lower economic growth forecast dampened investors` sentiment amid a weak global trend. The sensex declined to close 59.40 points, or 0.30 per cent, to 19,580.32. The gauge had lost 366 points in last
12.52 PM Feb 8th 2013
Source:BBC - India has lowered its growth forecast for the second time in two weeks, underlining the challenges it faces in reviving its sluggish economy. The statistical office has forecast growth of 5% for the year to 31 March 2013, based on advanced estimates. Last week, India`s central bank had
5.21 PM Feb 7th 2013
Source:Financial Express - Mumbai: Morgan Stanley today raised India`s growth forecast for the current financial year to 5.4 per cent from 5.1 per cent projected earlier citing better than expected GDP growth in the September quarter and stabilisation in non-agriculture growth indicators. However
1.06 PM Feb 1st 2013
In Asia, the data on Thursday provided cause for optimism. Taiwan raised its economic growth forecast for 2013, after the fourth quarter expanded faster than expected and posted its best growth in five quarters on improved demand for the island`s electronics exports and stronger consumption.
10.29 AM Jan 31st 2013
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