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    HomeNewsBusinessMarketsMorgan Stanley cuts India growth f'casts

    Morgan Stanley cuts India growth f'casts

    Morgan Stanley cuts India's 2012 economic growth forecast to 6.3 percent from prior 6.9 percent; 2013 forecast to 6.8 percent from 7.5 percent.

    May 21, 2012 / 22:32 IST

    Morgan Stanley cuts India's 2012 economic growth forecast to 6.3% from prior 6.9%; 2013 forecast to 6.8% from 7.5%.

    On a financial year basis, Morgan Stanley expects FY13 growth at 6.3% and FY14 growth at 6.9%.

    "Bad" growth mix -- a combination of high national deficit and an expansionary policy of supporting consumption while private investment slows -- has reached its limits, Morgan Stanley says.

    Expects RBI to lower repo rate by an additional 100 bps by March 2013, after 50 bps cut effected in April.

    first published: May 21, 2012 02:00 pm

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