Nomura Forecasts India’s GDP to Slow to 6.2% in FY26:
Japanese brokerage firm Nomura has projected that India’s GDP growth will moderate to 6.2% in FY26, down from 6.5% in FY25, signaling a slowdown from the sharp 9.2% expansion recorded in FY24. The forecast, released on June 3, 2025, reflects increasing divergence between robust headline metrics such as GST collections and weaker indicators like automobile sales and bank credit growth.This revision is significant as it contrasts with the Reserve Bank of India’s (RBI) estimate of maintaining 6.5% growth in FY26. Nomura’s more cautious outlook arrives amidst mixed economic signals and growing global uncertainties that may hamper India’s economic momentum and private investment cycle.
