Nomura, Morgan Stanley raise India's FY24 economic growth forecast, BofA cuts
Friday, 1 September 2023 Economists at Nomura and Morgan Stanley have raised their economic growth forecast for India's fiscal 2024 after data showed the economy grew at its fastest pace in a year in the April-June quarter. Nomura now expects GDP to rise 5.9% for the year ending March 2024, while Morgan Stanley raised it to 6.4%. BofA Global Research, however, cut their estimates as quarterly growth missed their forecast.
An ambitious project aiming at promoting economic growth and political collaboration, President Joe Biden and his supporters announced plans to establish a rail and maritime corridor connecting India..
Friday, 1 September 2023
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