Macquarie cuts India’s FY13 growth forecast to 6.9%

Macquarie cuts India’s FY13 growth forecast to 6.9%

“While the global environment is likely to remain uncertain, we believe domestic factors will dominate the growth outlook," Tanvee Gupta Jain, economist at the investment bank, said in a note.

According to the latest Reuters poll of economists on FY13 growth, conducted in mid-October, the lowest growth forecast was 7.1%.

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