Credit Suisse Lowers India's Growth Forecast to 5.9% for FY13

By Naagesh N. | December 6, 2012 7:20 AM GMT

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(Photo: REUTERS / Arnd Wiegmann)<br>The logo of Swiss bank Credit Suisse is pictured at the company&#039;s headquarters in Zurich February 3, 2010.
(Photo: REUTERS / Arnd Wiegmann)
The logo of Swiss bank Credit Suisse is pictured at the company&#039;s headquarters in Zurich February 3, 2010.

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.

Copyright 2012 Thomson Reuters. All rights reserved.
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