Morgan Stanley lowers India's growth aim for FY25; economy may expect a better Q3 show with wedding season

Morgan Stanley has revised India's FY25 growth forecast to 6.7%, down from 7%, citing weaker-than-expected second-quarter data. Despite the downgrade, the firm anticipates a rebound in the second half, fueled by government spending and improved agricultural output. Inflation is expected to moderate, prompting potential rate cuts by the Reserve Bank of India in April.
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