MUMBAI: The Bombay Stock Exchange benchmark Sensex on Friday dropped 275 points, recording the biggest two-day fall in three months, as investors pulled out funds on fears of slowing economic growth and a weak trend Asian markets.
Citing global and domestic factors, the government today lowered the GDP growth forecast for the current fiscal to 7.5 per cent from 9 per cent.
It also said it will not be easy to restrict the fiscal deficit to 4.6 per cent in 2011-12 on account of uncertainty on the disinvestment front and a likely increase in subsidies.
