India Cuts Rates Third Straight Time to Extend Sole BRIC Easing

India Cuts Rates Third Straight Time to Extend Sole BRIC Easing

Brent Lewin/Bloomberg

A vendor sets up a clothing stall in the New Market area of Kolkata. Gross domestic product may expand 5.7 percent in the fiscal year through March 2014, compared with the baseline projection of 5.5 percent for the previous 12 months, the central bank said.