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    HomeNewsBusinessEconomyMorgan Stanley lowers India's 2012 GDP forecast to 7.4%

    Morgan Stanley lowers India's 2012 GDP forecast to 7.4%

    Investment banking major Morgan Stanley has revised downwards its India's economic growth forecast for 2012 to 7.4%. The global brokerage firm has also reduced its year-end target for the Bombay Stock Exchange benchmark Sensex by 15% to 18,850.

    August 20, 2011 / 12:11 IST

    Investment banking major Morgan Stanley has revised downwards its India's economic growth forecast for 2012 to 7.4%. The global brokerage firm has also reduced its year-end target for the Bombay Stock Exchange benchmark Sensex by 15% to 18,850.


    Morgan Stanley reduced its forecast for India's gross domestic product growth for 2012 to 7.4% from 7.8% amid high inflation and weak global capital markets environment.

    Its new Sensex target for December 2011 is down 15% to 18,850 points and the December 2012 target is 22,750. "Reflexivity is at work
    first published: Aug 19, 2011 07:23 pm

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