Nomura Lowers India GDP Forecast to 7% in FY27 Amid West Asia Conflict
In March 2026, Japanese brokerage firm Nomura Holdings Inc. lowered its Gross Domestic Product (GDP) growth projection for India to 7% for Financial Year 2026-27 (FY27), from its previous estimate of 7.1%.
In March 2026, Japanese brokerage firm Nomura Holdings Inc. lowered its Gross Domestic Product (GDP) growth projection for India to 7% for Financial Year 2026-27 (FY27), from its previous estimate of 7.1%.
- This downward projection is mainly driven by the ongoing conflict in West Asia, posing serious risks to energy supplies and inflation.
Key Projections:
Inflation: Nomura has raised India’s inflation forecast for FY27 by 70 basis points (bps), from 3.8% to 4.5%.
Sponsored Advertisement
- The agency further cautioned that if oil prices were passed through, every 10% increase could add nearly 50 bps to inflation.
Current Account Deficit (CAD): It has further projected India’s CAD at 1.6% of GDP, compared to the previous estimate of 1.2%.
No comments yet. Be the first!