SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HSBC scales down India’s FY13 GDP forecast to 5.7%

13 Sep 2012 Evaluate

After slew of international credit rating agencies that have flagged concerns over India’s growth story, HSBC has now scaled down its economic growth forecasts for India for fiscal 2013 and 2014 from 6.2 per cent earlier to 5.7 per cent on account of 'the lack of reform traction', a more 'challenging' global economic backdrop and expectations the central bank will push back the timing for rate cuts. Further, the bank has also slashed its gross domestic product (GDP) forecast for economy for fiscal 2014 to 6.9% from 7.4%.

Earlier this month, US investment house, Morgan Stanley, citing a combination of weak external demand, low private investment and poor government finances, pruned India’s economic growth forecast to 5.1 per cent from previous projected figure of 5.8 per cent in the year ending March. It also reduced its estimate of GDP growth for 2013/14 to 6.1 per cent from 6.6 per cent. Besides, Morgan Stanley has also warned that policy sluggishness could push India’s growth further down to 4.3 per cent in the current fiscal year.

Confirming a sharp slowdown in Asia’s economy, Indian economic growth languished near its slowest in three years in the June quarter but was slightly better than expected at 5.5 percent.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×