BNP Paribas cuts India's GDP forecast sharply to 3.7%

New Delhi: BNP Paribas has cut India's GDP forecast to 3.7 per cent for fiscal 2014 from 5.2 per cent previously. BNP said the risk to India's economic growth has increased due to RBI's cash
bnp paribas cuts india s gdp forecast sharply to...
India TV Business Desk August 28, 2013 16:09 IST
New Delhi: BNP Paribas has cut India's GDP forecast to 3.7 per cent for fiscal 2014 from 5.2 per cent previously.



BNP said the risk to India's economic growth has increased due to RBI's cash draining measures.

The new forecast, if met, would mark India's lowest growth since fiscal 1992.

The bank said the recent data is little short of "disastrous."
Related Tags: BNP Paribas
 
Chunav Manch Gujarat 2017
 
 
killer smog
 

You May Like

   
 

More from business

 
 
Assembly Elections 2017