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 Reserve Bank of India ( RBI) to lower repo rate by an additional 100 basis points (bps) by March 2013, after 50 bps cut effected in April.
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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 Reserve Bank of India ( RBI) to lower repo rate by an additional 100 basis points (bps) by March 2013, after 50 bps cut effected in April.
....more info