Nomura Estimates India’s GDP to contract 6.7% in FY21

The Japanese brokerage Nomura has revised upward, the GDP forecast for India in 2020-21 and now expects it to contract to 6.7 per cent. Nomura has further projected the GDP of India to rise to 13.5 per cent in FY22 (2021-22).

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• Nomura President and Group CEO: Kentaro Okuda.

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