According to the global financial services major Nomura, the GDP growth of India is estimated to remain low at 5.7% in the January-March quarter, 2017 due to the effect of demonetization of high value currency.
Nomura expects the economic growth to slow from 7.3% GDP growth in the July-September 2016 to 6% in the October-December 2016 quarter and further to 5.7% in the first quarter of 2017 ending March 2017.
However, the growth is also expected to recover after the first quarter of 2017 due to remonetization and wealth redistribution. So, let’s discuss some questions related to this post:
Q1. How much the global financial services major Nomura projected the India’s GDP in January-March quarter, 2017?
Share your answer in the comment section
Source- Business Standard