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CRISIL

August 08, 2012

Crisil lowers India's growth forecast

Tags: CRISIL, india, growth, economic, forecast, Rupee, eurozone, domestic, slowdown, foreign capital, inflow
Research and ratings agency Crisil has cut India's economic growth forecast to 5.5 percent for the 2012-13 financial year from its earlier estimate of 6.5 percent, citing deficient monsoon and worsening Eurozone crisis. It also raised India's core inflation forecast to eight percent for this fiscal from the seven percent announced earlier.
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June 05, 2012

CRISIL lowers economic growth forecast for India

Tags: CRISIL, india, growth, rating, economic, forecast, financial, year, industry, interest, rates, weak, demand, investment
Ratings agency CRISIL cut its India's economic growth forecast for the current financial year to 6.5 percent from its previous 7 percent. This is due to uncertainty in the eurozone, muted domestic investment demand, a domestic policy logjam, and limited fiscal and monetary space to stimulate the economy, CRISIL said in a report.
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