Standard Chartered revises India's GDP growth forecast to 5.4% in FY13

Standard Chartered has revised India's GDP growth forecast to 5.4% in FY13 from 6.2% as consumer spending is slowing and investment activity has not picked up. It expects services sector growth also to be low with industrial growth already stalled. The agriculture could suffer from delayed monsoons as well.

While macro conditions still challenging, the recent announcements to control fiscal deficit has led to some optimism. But, Standard Chartered doesn't expect these measures to have any impact on growth immediately.

Source : Equity Bulls

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