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      Question

      What is Nomura’s worst-case GDP growth forecast for

      India in FY26 if 50% tariffs on exports continue for the full year?
      A 5.2% Correct Answer Incorrect Answer
      B 5.8% Correct Answer Incorrect Answer
      C 6.0% Correct Answer Incorrect Answer
      D 6.5% Correct Answer Incorrect Answer
      E 7.1% Correct Answer Incorrect Answer

      Solution

      Nomura has projected India’s GDP growth at 5.8% for FY26 in a worst-case scenario, assuming 50% US tariffs on Indian imports continue throughout the fiscal year. This is a downward revision based on potential negative impacts on exports, employment, and private investments, especially in MSME-heavy sectors like textiles and gems.

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