GDP growth forecast of FY20 slashed to 4.9% from 5.7% earlier by Nomura With the harsh reality of deep trough the Japanese brokerage Nomura has massively cut down the GDP forecast.

GDP growth forecast of FY20 slashed to 4.9% from 5.7% earlier by Nomura
With the harsh reality of deep trough the Japanese brokerage Nomura has massively cut down the GDP
forecast. In June the prediction was 5% but severally dropping down stats are point of concern. The
dropping down stats are creating are major hurdle for growth engine and increasing inflation.
It is also said that the RBI will further cut down 0.20% by the mid June in 2020. Even there are various
recovery measures undertaken yet the fruitful improvement has to happen. The declined stats are also
because of the slower consumer demand, lowered investments and certain underperforming service
sectors.
While addressing to the Media; Spokeperson also said that Government is taking various measures but
there is still time to have some positive outcome. In the context and existing problems even the
Financial Minister Nirmala Sitharaman hold several meetings and conferences with the officials and
industry leaders will discuss on the measures of growth and how to plunge in more private investors.