 "GDP")
Morgan Stanley cuts India's growth forecasts on inflation, global slowdown
Morgan Stanley has lowered its forecasts for India's economic growth in the next two fiscal years, saying a global slowdown, surging oil prices and weak domestic demand would take a toll on Asia's third-largest economy.
Gross domestic product growth will be 7.6% for fiscal 2023 and 6.7% for fiscal 2024, 30 basis points lower than the previous estimates, the brokerage said in a note dated Tuesday. READ MORE.
Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project
Aditya Birla group's Novelis today announced it will invest $2.5 billion to
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