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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.

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