Nomura cuts 2023 GDP forecast for Indian to 4.7%
Nomura has cut its 2023 forecast for economic growth in India to 4.7% from its earlier projection of 5.4% amid recession fears and rising interest rates. Reason: Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth slowdown. Retail inflation rate of India – the CPI has been recorded 7.01% as […]
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