BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: India in goldilocks period, FY16 GDP seen at 7.6%: Nomura
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Economy > India in goldilocks period, FY16 GDP seen at 7.6%: Nomura
Economy

India in goldilocks period, FY16 GDP seen at 7.6%: Nomura

deep
Last updated: 2015/12/08 at 12:00 PM
deep Published December 8, 2015
Share
2 Min Read
SHARE

India in goldilocks period, FY16 GDP seen at 7.6%: Nomura

India is in a goldilocks period of low inflation coupled with gradual recovery and the country is expected to clock a GDP growth rate of 7.6 per cent this fiscal year, says a report

According to Japanese financial services firm Nomura, despite slowing external demand, the domestic growth cycle is improving.

As per official figures, India’s industrial output rose to nearly three-year high of 6.4 per cent in August on improvement in manufacturing and capital goods while retail inflation rose to 4.41 per cent in September.

“These data reinforce our view that India is in a goldilocks period of low and stable inflation juxtaposed with a gradual growth recovery,” Nomura said in a research note adding that while external headwinds have risen, domestic demand is still holding up well.

“We expect GDP (at market prices) growth to recover to 7.6 per cent YoY in FY16 from 7.3 per cent in FY15,” the report said.

The April-June quarter GDP slipped to 7 per cent from 7.5 per cent in the preceding quarter.

On inflation, the report said going by the daily retail food prices, there is an indication of an upside risk to food inflation in the coming months, due to the adverse impact of deficient monsoon.

“We continue to believe that further sustained disinflation is unlikely, as cyclical drivers of disinflation are now stabilising. We expect underlying inflation to remain around 5 per cent, although higher food prices will push YoY CPI inflation to above the underlying trend in coming months,” the report said.

According to the global brokerage firm, the Reserve Bank has already front-loaded rate cuts, and the central bank is likely to keep policy rate on hold until end-2016. Reserve Bank Governor Raghuram Rajan on September 29 effected a more-than-expected interest rate cut of half a per cent to boost the economy.

 
[“source-businesstoday”]

 

You Might Also Like

body shop with loaner car

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

FedEx Acquires TNT specific, method better delivery in Europe

Endurance International Completes Constant Contact Acquisition

BigCommerce, Xero Partnership adds Cloud Accounting to online Stores

TAGGED: India in goldilocks period
deep December 8, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Rupee breaches 65-mark, plunges 43 paise to 65.18
Next Article IIP numbers encouraging, govt to continue with reforms: FinMin

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • find a loan shark on craigslist
  • GoDaddy Launches SmartLine, Gives Your Small Business Its Own Phone Number
  • Is Author Marketing Club Worth It? Definitely

Recent Posts

  • Quotes About Betrayal on Life
  • How Can A Sign Advertising Boost Your Brand’s Visibility

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?