Categories: Economy

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).

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Important takeaways for all competitive exams:

  • Nomura President and Group CEO: Kentaro Okuda.

Find More News on Economy Here

AddThis Website Tools
Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

World Oceans Day 2025 Date, Theme, Significance, Threat

Every year on June 8, the world observes World Oceans Day, a United Nations-recognized event…

1 day ago

Muhammad Waseem and Chloe Tryon Named ICC Players of the Month for May 2025

The International Cricket Council (ICC) has honoured Muhammad Waseem of the United Arab Emirates (UAE)…

1 day ago

David Beckham to Be Knighted in King Charles III’s Birthday Honours

Football icon David Beckham is expected to be knighted next week as part of King…

1 day ago

RBI Raises Gold Loan LTV Ratio to 85% for Loans Below ₹2.5 Lakh

The Reserve Bank of India (RBI) has announced a major revision in its gold loan…

1 day ago

PM Modi to Attend G-7 Summit in Canada, Signaling Thaw in Bilateral Ties

Prime Minister Narendra Modi will travel to Canada next week to participate in the G-7…

1 day ago

800-Year-Old Pandya Era Shiva Temple Unearthed in Tamil Nadu

An important archaeological discovery has been made in Udampatti village of Melur taluk, Tamil Nadu,…

1 day ago