Nomura Cuts India’s FY27 GDP Growth Forecast to 7%
Why in the news
Global brokerage Nomura trimmed its growth outlook for India for the coming financial year, pointing to West Asian instability.
Key facts
| Indicator | Nomura view |
|---|---|
| GDP growth, FY27 | 7% (lowered) |
| Inflation | 4.5% (raised) |
| Current account deficit | About 1.6% of GDP |
| Main reason for revision | West Asia tensions hitting energy supplies and inflation |
Exam angle
- Forecaster: Nomura Holdings; year: FY27.
- Cause: tensions in West Asia affecting energy and prices.
- Know the three numbers: 7% growth, 4.5% inflation, 1.6% CAD.