New Market Study Published: India Business Forecast Report Q3 2012
Core Views Despite recent encouraging Purchasing Managers' Index data, we continue to believe that real GDP growth will come in at a three-year low of 6.8% in FY2011/12 (April-March), with Q4 FY2011/12 likely to disappoint. Aside from this single indicator, most trends (including collapsing export growth and slowing credit expansion) still paint a dreary picture of the Indian economy. We expect activity to bounce back somewhat in FY2012/13 (with our full-year growth forecast currently at 7.3%) as the central bank...
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