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Jun 01, 2012, 08.42 AM IST
India's GDP grew a pathetic 5.3% for Q4, a figure that was below the worst GDP growth of 5.8% during the Global Financial Crisis, says Rajeev Malik, CLSA.
Rajeev Malik, CLSA said, "India's GDP grew a pathetic 5.3% for Q4, a figure that was below the worst GDP growth of 5.8% during the Global Financial Crisis. The problems are home-grown as India is experiencing an abnormal cycle and lower interest rates, a strain on the balance of payment and a comatose government. We will probably revise our FY13 GDP growth forecast of 6.3%, well-below consensus, to around 6%. We expect the RBI to keep rates unchanged on June 18."
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