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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.

Economists paint a grim picture, lower India's FY20 GDP growth forecast
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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.

BS ReporterAgencies
With nearly 75 per cent of the Indian economy in lockdown, Nomura has lowered 2020 GDP growth 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 Nomura.
 
Ind-Ra cuts FY21 growth forecast to 3.6%
 
India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid Covid-related worries.  It has assumed that a full or partial lockdown will continue till end

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First Published: Mar 31 2020 | 1:15 AM IST

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