Morgan Stanley cuts India's growth forecast

September 03, 2012 15:09

Morgan Stanley today slashed its growth forecast for India to 5.1% from 5.8% for this fiscal year through March 2013, and warned that there is a high risk of an even deeper growth shock if the government fails to get its act together and take steps to revive investment. It also lowered its forecast for next fiscal year to 6.1% from 6.6%. More

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