JP Morgan just cut its growth forecast (2014-15)for India by 0. 2 percentage points to 5.1 . That is on the evidence of weaker than anticipated industrial output. JP Morgan should have given the benefit of price lowering and input cost lowering effect on India. There would now be pressure on the Government to bring in structural reforms to break the slowing trends. Markets may have already discounted that growth has not been on anticipated levels.
No comments:
Post a Comment