Categories: Economy

Nomura slashes India’s GDP forecast to 12.6% in FY22

The Japanese brokerage company Nomura has revised the GDP forecast of India in the financial year 2021-22 (FY22) to 12.6 per cent from the previous estimate of 13.5 per cent, amid rising coronavirus cases and higher inflation. Nomura has pegged the calendar year GDP growth at 11.5 per cent, a decline from 12.4 per cent estimated earlier.

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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.