Tag: Morgan Stanley on India GDP

NEW DELHI: Economists at Nomura and Morgan Stanley on Friday raised their economic growth forecast for India's fiscal 2024 after data showed the economy grew at its quickest pace in a year in the April-June quarter.Economists at BofA Global Research, however, cut their estimates as quarterly growth missed their forecast.Nomura now expects India's gross domestic product (GDP) to rise 5.9% for the year ending March 2024, up from the 5.5% expected earlier. Morgan Stanley raised it to 6.4% from 6.2%.Data on Thursday showed India's first-quarter GDP expanded a...