Economy Nomura cuts India's 2020 GDP outlook to 6.9%, expects rate cut in October Updated : September 02, 2019 08:31 AM IST Nomura has cut India's growth projections for the year 2020 to 6.9 percent from the earlier projected 7.1 percent. Nomura expects the Reserve Bank of India to further cut rates to boost weaker domestic demand. 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.