India's GDP growth will fall to 5.7 percent in June quarter: Nomura

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New delhi date. August 22, 2019, Wednesday

India's economic growth-GDP growth is expected to decline by 8.5 percent in the April-June quarter of this year as a result of declining consumption in the country, poor investment and poor performance in the service sector, the Nomura report said.

According to a report by the global financial giant, economic recovery is expected in the July-September quarter, despite economic growth likely to slow in the second quarter of April to June. For the first quarter, the sharp decline in consumption, poor investment, slow growth in the external sector and poor performance in the services sector have been considered. In addition, it is said that some of the signs are indicative of a boomout from slow growth. The figures so far for July show that the index has improved by 5 per cent, compared to 5 per cent in June.

The Nomura Composite Leading Index rose marginally from the third quarter of July to September of 7.1. That was 7.2 in the second quarter. The high industrial output has seen growth. This is accompanied by a rise in visitors and lower policy rates with improvement in the equity market.

India's economic growth fell to 5.7 percent in the financial year 1-8. The lowest growth is seen in years after 1-3. Consumer confidence is declining. Foreign direct investment has slowed and international trade is also declining. The impact of the currency war has also been seen.


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