India''s economic growth forecast have revised upwards to 6.3 per cent this fiscal by the leading global financial firms on the back of possible fiscal stimulus in the Budget and more-than-expected investment in the country. Bank of America Securities-Merrill Lynch raised its growth forecast to 6.3 per cent as against 5.3 per cent for the current fiscal.
Moreover, BAS-ML has also revised the growth projection of the country to 7.3 per cent for the next fiscal as against 7.1 per cent earlier.
Besides this, it also said that the convincing re-election of the UPA has opened the door for disinvestment in public sector units to the tune of 0.5 per cent of GDP.
Moreover, Nomura also revised up the real GDP growth estimate for FY''10 to 6.3 y-o-y from 5.3 per cent.
Moreover, BAS-ML has also revised the growth projection of the country to 7.3 per cent for the next fiscal as against 7.1 per cent earlier.
Besides this, it also said that the convincing re-election of the UPA has opened the door for disinvestment in public sector units to the tune of 0.5 per cent of GDP.
Moreover, Nomura also revised up the real GDP growth estimate for FY''10 to 6.3 y-o-y from 5.3 per cent.
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