1. Home
  2.  |  
  3. Economy Current Affairs |  

Nomura forecasted Indian Economic growth at 5.5 percent for FY 2015-16

Jan 6, 2015 18:10 IST

The global financial services firm Nomura on 5 January 2015 forecasted that Indian Economy will grow at 5.5 percent during the financial year (FY) 2015-16 and 6.6 percent during FY 2016-17.

The firm also forecasted that Indian Economy will also recover in FY 2015-2016. The recovery is likely to get support from easing inflationary pressures and measures towards economic reforms.

On Inflation, the report noted that input costs have moderated due to lower commodity prices, which along with still-subdued demand, has kept output prices stable.

However, the report noted that the period of a positive base effect on CPI inflation is over and CPI inflation is expected to rise from 4.4 percent in November 2014 to 5.5-6.0 percent in the next three months, before moderating back towards 5 percent after March 2015.

About Nomura

Nomura Holdings Inc. is a Japanese financial holding company and a principal member of the Nomura Group. It provides investment, financing and related services to individual, institutional and government customers on a global basis with an emphasis on securities businesses.

In October 2008, the company acquired Lehman Brothers Holdings’ investment banking and equities unit in Asia and Europe.

Is this article important for exams ? Yes37 People Agreed
Read more Current Affairs on: Nomura , forecasted Indian Economic growth ,

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK