Nomura raises India’s fiscal 2024 economic growth forecast

Nomura raises India’s fiscal 2024 economic growth forecast

Nomura raises India's fiscal 2024 economic growth forecastWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>Indian Sub-continent>Nomura raises India's fi...PHOTONomura on Friday raised its economic growth forecast for India's fiscal 2024 to 5.9% from 5.5%, after data showed economy grew at its quickest pace in a year in the April-June quarter.India's Gross domestic product (GDP) expanded a more-than-expected 7.8% on an annual basis in the June quarter, Thursday's data showed, accelerating from 6.1% growth recorded in the March quarter.Nomura, however, lowered the country's fiscal 2025 GDP growth rate to 5.6% from 6.5% as its sees weak monsoons, higher food inflation, likely slowdown in government capital expenditure and sluggish global growth pressuring domestic demand. (Reporting by Susan Mathew in Bengaluru;Editing by Nivedita Bhattacharjee)Disclaimer: The content of this article is syndicated or provided to this website from an