Nomura cuts Indian GDP to 12.6% in FY22
Nomura has estimated that the GDP of India will be 12.6 per cent due to the 2nd Covid wave. previously, Nomura forecasted to be 13.5 per cent for FY2022.
Nomura estimates India’s GDP forecast:
| 2020 | (-)6.9% |
| 2021 | 11.5% |
| 2022 | 7.0% |