Nomura Projects India’s GDP at 5.7 % in January-March quarter

Nomura Projects India’s GDP at 5.7 % in January-March quarter (तिमाही) 

According to the global financial services major Nomura, the GDP growth of India is India’s GDP growth to hike (बढ़ोतरी) by 7.8% in 2016-estimated to remain low at 5.7 percent in the January-March quarter due to the effect of demonetization (पुनर्मुद्रीकरण)  of high value currency. Nomura expects the

economic growth to slow from 7.3 per cent GDP growth in the July-September 2016 to 6 percent in the October-December 2016 quarter and further to 5.7 per cent in the first quarter of 2017 ending March 2017. However, the growth is also expected to recover(की वसूली) after the first quarter of 2017 due to remonetization  and wealth redistribution(पुनर्विभाजन) .