System.Data.SqlClient.SqlException (0x80131904): A network-related or instance-specific error occurred while establishing a connection to SQL Server. The server was not found or was not accessible. Verify that the instance name is correct and that SQL Server is configured to allow remote connections. (provider: TCP Provider, error: 0 - The wait operation timed out.) ---> System.ComponentModel.Win32Exception (0x80004005): The wait operation timed out at System.Data.ProviderBase.DbConnectionPool.TryGetConnection(DbConnection owningObject, UInt32 waitForMultipleObjectsTimeout, Boolean allowCreate, Boolean onlyOneCheckConnection, DbConnectionOptions userOptions, DbConnectionInternal& connection) at System.Data.ProviderBase.DbConnectionPool.TryGetConnection(DbConnection owningObject, TaskCompletionSource`1 retry, DbConnectionOptions userOptions, DbConnectionInternal& connection) at System.Data.ProviderBase.DbConnectionFactory.TryGetConnection(DbConnection owningConnection, TaskCompletionSource`1 retry, DbConnectionOptions userOptions, DbConnectionInternal oldConnection, DbConnectionInternal& connection) at System.Data.ProviderBase.DbConnectionInternal.TryOpenConnectionInternal(DbConnection outerConnection, DbConnectionFactory connectionFactory, TaskCompletionSource`1 retry, DbConnectionOptions userOptions) at System.Data.SqlClient.SqlConnection.TryOpenInner(TaskCompletionSource`1 retry) at System.Data.SqlClient.SqlConnection.TryOpen(TaskCompletionSource`1 retry) at System.Data.SqlClient.SqlConnection.Open() at Foundry_New_Website_Main.Page_Load(Object sender, EventArgs e) in e:\inetpub\vhosts\foundryinfo-india.org\httpdocs\Master\Main.master.cs:line 42 ClientConnectionId:e0fbcb09-7b0e-4b51-a1d5-364cfa5b4e8a Error Number:258,State:0,Class:20 Morgan Stanley cuts India growth forecast
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Morgan Stanley cuts India growth forecast

Morgan Stanley cut India's growth forecast for the current financial year to 6.3 per cent as opposed to an earlier 6.9%.

It also cut the 2013 forecast to 6.8 per cent from an earlier 7.5%.

Morgan Stanley has said that A 'bad' growth mix, that is a combination of high national deficit and an expansionary policy of supporting consumption while private investment slows has reached its limits.

The bank expects the Reserve Bank of India to lower repo rate by an additional 100 bps by March 2013, after a 50 bps cut affected in April.

Economic worries over the past few months like rupee depreciation, high inflation and current account deficit are not helping India, which has been trying to get back on the pre-global crisis growth rates of 8-9 per cent.

The rupee has depreciated by 11 per cent against dollar since March. At the same time, inflation in April rose to 7.23% against 6.89% a month ago.

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