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Monday, 3 December 2012

Morgan Stanley raises India's FY13 GDP forecast

Morgan Stanley has raised India's FY13 GDP growth forecast to 5.4 percent from 5.1 percent, citing better-than-expected

GDP growth for the September quarter and also the stabilization in non-agriculture growth indicators. India's economy grew
5.3 percent from a year earlier in the July-September period, provisional GDP data showed on Friday. The investment bank
also said it thinks non-agriculture GDP growth has bottomed.

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