As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. India is also affected by tighter financial conditions influencing business/investment sentiment.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f7QDxPT
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