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Nomura Cuts India’s FY27 GDP Growth Forecast to 7%

16 March 20261 min read
ECONOMYNomura CutsIndia’s FY27 GDPGrowth Forecastto 7%16 March 2026safalsetu.com

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

IndicatorNomura view
GDP growth, FY277% (lowered)
Inflation4.5% (raised)
Current account deficitAbout 1.6% of GDP
Main reason for revisionWest 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.

Test yourself

1. What GDP growth forecast for India in FY27 did Nomura Holdings revise to?

Nomura lowered the FY27 forecast to 7%.

2. Why did Nomura lower its FY27 growth forecast for India?

The revision was mainly due to West Asia tensions.

3. Nomura estimates India's current account deficit at roughly what share of GDP?

The CAD estimate is around 1.6% of GDP.