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Morgan Stanley warns of ‘Hindu rate of growth’

Aug 10 2013, 03:42 IST
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SummaryThe economy is facing the spectre of slipping to Hindu rate of growth of the pre-liberalisation era.

The economy is facing the spectre of slipping to Hindu rate of growth of the pre-liberalisation era and may fall to an abysmal 3.5-4% growth zone if the weak growth trend lasts for four-five quarters more, warns a Morgan Stanley report.

“The recent monetary tightening and uncertain global capital market environment could mean growth stays low for at least two more quarters. A weak growth trend lasting for four-five quarters would increase the risk of a vicious cycle building, whereby the economy becomes vulnerable and the risk increases of GDP growth sliding to 3.5-4% ,” the report noted.

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