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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.