Question
What is Nomura’s worst-case GDP growth forecast for
India in FY26 if 50% tariffs on exports continue for the full year?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.
The SBI report shows a 74.2% decline in income disparity among those earning up to:
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I. �...
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