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 Link : https://economictimes.indiatimes.com/news/economy/indicators/indias-gdp-growth-set-to-slow-further-in-apr-jun-quarter-to-5-7-per-cent-nomura/articleshow/70767246.cms

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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