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Economy

Nomura cuts India's FY21 GDP forecast to -5.2% from -0.4% earlier

Updated : May 11, 2020 05:37 AM IST

Brokerage firm Nomura has cut steeply its FY2021 GDP forecast for India from -0.4 percent to -5.2 percent.
Additionally, it warned that India's rating outlook was at risk due to the recent events.
Nomura cuts India's FY21 GDP forecast to -5.2% from -0.4% earlier

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