You are here: Home » Economy & Policy » News
RBI notifies special series of G-Secs under 'fully accessible route'
Business Standard

Coronavirus impact: Nomura lowers 2020 GDP growth forecast to -0.5%

"We expect growth to slide from 4.7 per cent YoY in Q4CY19 to 3.1 per cent in Q1CY20 and fall to -6.1 per cent in Q2CY20," said Sonal Varma, MD and chief India economist at Nomura.

Topics
Coronavirus | Indian Economy | Nomura

BS Reporter & Agencies 



Economists paint a grim picture, lower India's FY20 GDP growth forecast
India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid Covid-related worries while Fitch Solutions on Monday slashed its estimate for India's GDP growth in 2020-21 to 4.6 per cent.

With nearly 75 per cent of the in lockdown, has lowered 2020 forecast to -0.5 per cent YoY from 4.5 per cent. “We expect growth to slide from 4.7 per cent YoY in Q4CY19 to 3.1 per cent in Q1CY20 and fall to -6.1 per cent in Q2CY20,” said Sonal Varma, MD and chief India economist at .

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, March 31 2020. 01:15 IST

RECOMMENDED FOR YOU

.