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India presents a picture of 'short-term despair amid medium-term hope', according to Nomura

Updated : July 31, 2019 12:22 PM IST

Nomura believes India's GDP growth is yet to bottom out and expects it to further moderate to 5.7 percent in the June quarter from 5.8 percent in the March quarter.
As per the global brokerage, high-frequency indicators suggest a further slowdown in economic activity in Q2.
Nomura expects RBI to reduce interest rate again next week.
India presents a picture of 'short-term despair amid medium-term hope', according to Nomura
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