 "JP Morgan cuts India 2014-15 growth forecast to 5.1%")
JP Morgan has cut its India GDP growth projection for 2014-15 to 5.1% from 5.3% after weak factory output data.
"IIP (industrial production) debacle is the straw that breaks the camel's back," JP Morgan said in its Oct 10 report.
August industrial output rose just 0.4% compared with estimates of 2.4%.
Also Read
The Reserve Bank of India projects GDP to grow at around 5.5% in the current fiscal year ending March 2015.
A slower growth and a fall in oil and commodity prices increase the chance for the RBI to attain its challenging 6% consumer price inflation target by January 2016, JP Morgan said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%