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By Naagesh N. | December 6, 2012 6:20 PM EST

Credit Suisse has lowered India's economic growth forecast marginally to 5.9 percent from 6 percent for the fiscal year ending March.

REUTERS
The logo of Swiss bank Credit Suisse is pictured at the company's headquarters in Zurich February 3, 2010.

The investment bank also reduced its growth forecast for FY14 to 6.9 percent from 7.2 percent, it said in a research note.

"This largely reflects the delayed RBI rate response, although we continue to stress that our projections are above those of the consensus," the bank said in a note.

(Photo: REUTERS / Arnd Wiegmann)
The logo of Swiss bank Credit Suisse is pictured at the company's headquarters in Zurich February 3, 2010.
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