Nomura cuts India’s GDP forecast for 2023 to 4.7%
- Nomura has revised downwards, the GDP growth forecast for India in 2023 to 4.7%. Earlier this rate was 5.4%.
- Meanwhile, according to Nomura, India’s GDP growth for FY23 is projected at 7.0% and at 5.5% for FY24.
- Summary:
- GDP for Calendar Year 2023 – 4.7%
- GDP for FY23 – 7.0%
- GDP for FY24 – 5.5%
Source: Economic Times