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Credit Suisse cuts FY13, FY14 growth forecasts on delayed RBI response

Publish Date: 06 Dec 2012, 02:29 PM
Last Updated: 06 Dec 2012, 02:29 PM
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Credit Suisse cuts growth forecasts
Credit Suisse cuts growth forecasts

Mumbai: Credit Suisse has lowered India's economic growth forecast marginally to 5.9 percent from 6 percent for the fiscal year ending March.

The investment bank also reduced its growth forecast for FY14 to 6.9 percent from 7.2 percent, it said in a research note.

"This largely reflects the delayed RBI rate response, although we continue to stress that our projections are above those of the consensus," the bank said in a note.

(Agencies)

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