Nomura Projects GDP of India to contract 6.7% in FY21; grow 13.5% in FY22

Nomura Projects GDP of India to contract 6.7% in FY21; grow 13.5% in FY22

• The Japanese brokerage Nomura has projected the GDP of India to grow at 13.5 percent in FY22 (2021-22).
• The brokerage expects the real GDP of India to contract by 6.7 percent in FY21 (2020-21)

Points to Remember:

1. GDP of India in FY21 as per Normura
2. GDP of India in FY as per Normura
3. Headquarter of Nomura? Tokyo, Japan

Source: Business Standard