Nomura

Coronavirus Outbreak: Analysts flag economic growth concerns post-lockdown extension

The 19-day extension of the lockdown on Tuesday by Prime Minister Narendra Modi led analysts to flag concerns over its economic impact, with some estimating a GDP contraction of 1 percent in FY21 as well

India's GDP to contract by 6.1% in April-June quarter; RBI may cut repo rate by 75 bps in 2020 to push growth: Nomura

The Indian economy will contract by 6.1 percent in the April-June quarter and is likely to expand only in the December quarter, a Japanese brokerage said on Monday, expecting another 0.75 percent cut in rates by the RBI to push growth in 2020

Missing consumer expenditure survey: Everyone knows what the numbers signal; opaqueness will only widen trust deficit

One just needs to look at the sales figures of auto makers, FMCG companies and state of the manufacturing and construction sector to understand where does the consumer confidence indicators point at this stage.

Emerging economies like India more vulnerable to big oil price moves: Nomura report

Given weak consumer demand, higher oil prices can result in stagflation in an emerging economy like India, which imports more than 70 percent of its oil needs, says a report

Nomura upgrades India to 'overweight' after Nirmala Sitharaman announces a slew of measures to stimulate growth

Giving in to the demands of overseas investors, Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

GDP growth set to slow further in April-June quarter to 5.7% amid contraction in consumption, weak investments: Nomura

The Central Statistics Office (CSO) will come out with the GDP figures for the first quarter (April-June) on 30 August.

Govt likely to use Rs 3 lakh cr excess capital of RBI to pay regular expenses: Nomura report

The Bimal Jalan committee report, which is delayed, will lead to the transfer of under Rs 3 lakh crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report

RBI cuts repo rate by 25 bps: Analysts expect another reduction in June on growth concerns, lower inflation forecast

A reduction in June will make it three cuts in a row, after the second consecutive interest cut of 25 bps effected earlier in the day after a similar move in February.

GDP growth target likely to be below 7% in 2019-20; global slowdown, tight financial conditions major headwinds: Nomura

The headwinds are likely to keep the growth mix skewed towards consumption and away from investment, the Nomura report said

Current account deficit expected to widen to 2.8% of GDP this fiscal: Nomura

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that current account deficit might rise in the current fiscal.