India's GDP growth set to slow further in Apr-Jun quarter to 5.7 per cent: Nomura
News Date : 2019-08-22
News Author : The Economics Times
News Description :
India's economic growth is set to slow further in the April-June quarter of this year to 5.7 per cent amid contraction in consumption, weak investments and an under-performing service sector, says a Nomura report. According to the global financial services major, even though growth is set to slow further in Q2 (April-June) the economy is expected to see some recovery in the July-September quarter.
"High-frequency indicators continue to show familiar pain points – a deep contraction in consumption, weak investment, a slowing external sector and an under-performing services sector," Nomura said in a research note.
News Document : Open File
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