Nomura Revises GDP Growth Estimate of India in FY22 to 10.8%

Nomura has cut the GDP growth estimate of India for the current 2021-22 fiscal (FY22) to 10.8 per cent from the earlier projection of 12.6 per cent. The cut in the GDP rate is due to the impact of the second wave-induced lockdowns. Nomura is a Japanese brokerage having its headquarter in Tokyo.

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