HomeNewsBusinessMarketsHSBC Global forecasts India's GDP at 7.6% for FY12
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HSBC Global forecasts India's GDP at 7.6% for FY12

Chief economist of India and ASEAN at HSBC Global Research, Leif Eskesen's GDP forecast for FY12 is at 7.6% for India. Eskesen also told CNBC-TV18 that the further policy measure would be influenced by the global economic outlook.

August 29, 2011 / 13:27 IST
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Chief economist of India and ASEAN at HSBC Global Research, Leif Eskesen's India gross domestic product (GDP) forecast for fiscal year 2012(FY12) stands at 7.6%. He said, "The global economic backdrop looks weaker than what was originally anticipated. It can filter through the trade and confidence channel to some extent, but India is not that trade dependent."
 
Eskesen also told CNBC-TV18 that the further policy measure would be influenced by the global economic outlook.

When asked about his opinion on the Federal Reserve's Jackson Hole meeting, he indicated that the Fed did not rule out additional stimulus possibility. Here is the edited transcript of his interview. Also watch the accompanying video. Q: What is your take away from the Jackson Hole speech? Would markets or equity markets be primed for some kind of liquidity announcement? A: It was expected that there was no clear signal of near-term further stimulus from the Federal Reserve. Fed
TAGS: #Chief economist of India and ASEAN #FII View #HSBC Global Research #Leif Eskesen
first published: Aug 29, 2011 12:54 pm

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