Rating agencies see India's economic growth hovering at 6% in FY15

May 05 2014, 09:31 IST
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‘In next two years, growth will be well below peaks of last decade’ (Reuters) ‘In next two years, growth will be well below peaks of last decade’ (Reuters)
Summary‘In next two years, growth will be well below peaks of last decade’

exchange rate could see some uplift and if the results are viewed negatively by the market, the rupee could suffer somewhat.”

All the same, amid the expected revival, a weak monsoon due to El Nino may delay the economic recovery by impacting agricultural output, both the rating agencies said.

Weak monsoon will lower GDP from both supply and demand side due to poor harvest and lower rural income, while also leading to food-price inflation and reduced purchasing power.

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