Nomura predicts fall in India's GDP growth in March quarter
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Japanese financial services major The fourth quarter of 2016 saw a GDP growth rate of 7%.
"However, we expect GDP to average 7.3 per cent in the second half of 2017 and 7.7 per cent in 2018 supported by higher consumption (state pay hikes, remonetisation, lower lending rates) and public spending," said a research note from Nomura.
The report added that
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"In our view, the recovery in industrial production should gather momentum through 2017 supported by ongoing
Talking of RBI's monetary policy, the report said that
During its monetary policy review meet on April 6th, RBI didn’t change the repurchase or repo rate, but increased reverse repo rate and lowered the Marginal Standing Facility by 0.25% each.
(Image source Medical Daily)
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