RTTNews - Credit Suisse, the global financial services major, enhanced India's economic growth forecast to 6.2% for the current year from its earlier estimate of 4.9% , reports PTI. It also suggested that the Reserve Bank of India (RBI) could be forced to raise interest rates to control prices.
Cem Karacadag, an economist of Credit Suisse, said that the fiscal policy was expanded to the maximum and that the RBI might not raise rates till the year-end. He added that both fiscal and monetary policy needs should be tightened. He cautioned that inflation might rise on higher commodity prices.
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