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Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears

Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs

Topics
GDP growth | India GDP growth | interest rate

Puneet Wadhwa  |  New Delhi 



gdp, economy, growth
June CPI inflation numbers, according to experts at Morgan Stanley, were in line with expectation and believe that the peak of inflation is over (April CPI at 7.8 per cent).

has cut its 2023 forecast for economic growth in India, as measured by the gross domestic product (GDP), to 4.7 per cent from its earlier projection of 5.4 per cent amid recession fears and rising interest rates.

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First Published: Wed, July 13 2022. 09:54 IST

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