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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More News on Economy Here

Sumit Arora

Recent Posts

Nicknames of States of United States

From the sprawling plains of the Midwest to the sun-kissed shores of the Pacific, the…

49 mins ago

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away at 76

The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas…

2 hours ago

India to Host 2025 BWF World Junior Badminton Championships in Guwahati

The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF…

2 hours ago

Top-10 Most Liberal Cities in United States 2024

In the mosaic of American cities, certain urban centers stand out as bastions of liberal…

3 hours ago

ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion

In a remarkable achievement, ICICI Bank has etched its name among India's top five companies…

3 hours ago

RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know

The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, with…

4 hours ago