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.