Morgan Stanley lowers India’s growth forecast by 40 bps to 7.3% for FY’17. American Morgan Stanley has lowered its growth forecast for FY’17 to 7.3% from 7.7% earlier on account of currency replacement programme. As global growth accelerates to 3.4% in 2017 from 3% in 2016, Morgan Stanley expect India’s exports to support overall recovery in 2017 after being a drag in 2016.
iii. 2018 will be first year of recovery in private capacity expansion after six years of a weak trend.
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