'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
The global lending agency also said that Brexit has resulted in global economic uncertainty.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The estimates of national income and growth do not pass the 'smell test'.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
India's economy grew at 7.6 per cent in 2015-16.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Institutions will wait till there is more clarity on Budget.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
If you are not happy with the price offered at buybacks, you could be in for a long haul.
Food and fuel are two perennial areas of concern.
News of all that's transpired on and off the football field
Sensex closed the day 416 points higher.
Summary of sports events and persons who made news on Friday
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
More activity in the IT, health care, services sectors; manufacturing firms keeping fingers crossed.
News of all that's transpired on and off the football field
FM should avoid proposals such as to tax financial transactions and fringe benefits
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
Portugal's football team captain Cristiano Ronaldo's agent has revealed that the forward would play out the rest of his career at Real Madrid, shunning reports of a return to Manchester United.
Shatrughan Sinha has never minced his word. No wonder then his biography is titled, Anything But Khamosh.
