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

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

Mumbai, Dec 6: Credit Suisse has lowered India's economic growth forecast marginally to 5.9 per cent from 6 percent for the fiscal year ending March.The investment bank also reduced its growth forecast for FY14 to

credit suisse cuts india fy13 fy14 growth forecasts on delayed rbi response credit suisse cuts india fy13 fy14 growth forecasts on delayed rbi response
Mumbai, Dec 6: Credit Suisse has lowered India's economic growth forecast marginally to 5.9 per cent 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.

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