Here are some comments on India’s economic growth released by investment banks after the recent GDP data:
JP Morgan: The investment bank said the next quarter could be worse. JP Morgan now expects India’s FY14 GDP to grow at 4.1 percent.
“Growth will likely get a boost from a strong monsoon and an expansive food security bill later this year. But the stagflationary shock from the rupee depreciation over the last three months and high interest rates are expected to be a key drag on growth and stress on unhedged corporate balance sheets,” analysts wrote.