Ind-Ra said that out of four demand-side growth drivers including private final consumption expenditure, government final consumption expenditure, gross fixed capital formation and exports, only GFCE has shown a decent growth
Second COVID-19 wave humanitarian crisis, not economic one: Nomura
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests
PTI | May 20, 2021 | Updated 16:00 IST
The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter.
GDP to grow at 13.5% in FY22; economic activity on verge of normality : Nomura
Nomura said that it expects real GDP to contract by 6.7 per cent in FY21 and grow by 13.5 per cent in FY22
BusinessToday.In | February 16, 2021 | Updated 08:58 IST
GDP growth pegged at 13.5% in FY22 by Nomura
Japanese brokerage Nomura said that economic activity is on the verge of normality after being severely hit by the coronavirus pandemic. The firm said that India GDP will grow at 13.5 per cent in FY22. The Nomura India Business Resumption Index (NIBRI) picked up to 98.1 (provisionally) for the week ending February 14, from 95.9 in the preceding week, Nomura said.