, India

India's economic momentum threatened by sluggish external demand

Only 5.6% GDP growth is seen in FY14.

According to Nomura, economic momentum has decelerated sharply at a time of weak external demand and limited space for monetary or fiscal stimulus. The lagged effect of weak manufacturing output is hurting demand for private services and reforms will likely have a meaningful impact only after a lag.  

Here's more:

We are currently penciling in a pickup in India‟s growth from Q4 CY2013 aided by better global demand and a pickup in government spending ahead of elections. 

However, with leading indicators pointing to a flattish H1 FY14 (year ending March 2014), there are risks to this view. We remain comfortable with our below consensus GDP growth forecast of 5.6% y-o-y in FY14 (Consensus: 6.3%).  

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.