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Synopsis On an average, economists at almost all the rating agencies and brokerages have forecast 0.4-0.7 per cent positive growth for the economy that has contracted a record high 23.9 per cent in the first quarter and 7.5 per cent in the second quarter of the current fiscal. Getty Images As per the report, credit growth slipped to 5.6 per cent in late January from 6.2 per cent on January 1. MUMBAI: Against the majority view of a rebound in the growth numbers for the December quarter, the house economists at the Wall Street brokerage Bank of America Securities on Tuesday pencilled in a 1 per cent contraction in India s GDP for the third quarter.

United statesWall streetAmerica securitiesAmerica securities indiaBofa securities indiaBofa indiaOpen market operationsLong term repo operationsIndia gdpDec quarterCo vidBank of america securitiesஒன்றுபட்டது மாநிலங்களில்சுவர் தெருஅமெரிக்கா பத்திரங்கள்அமெரிக்கா பத்திரங்கள் இந்தியா