India's GDP growth could plummet to -15.2% y-o-y from 3.1% in Q1: Nomura

The Japanese brokerage firm said no quarter would see positive growth in the ongoing fiscal, resulting in -6.1% gross domestic product (GDP) growth rate for FY21. Further, the Nomura India Business Resumption Index (NIBRI) flatlined at 73.4 for the week ending August 23, suggesting a slower pickup once the post-lockdown euphoria eases, the report said.

from Economy-News-Economic Times https://ift.tt/31yMYkh