Lose fiscal, monetary policies not to boost economy; growth set to slow down to 6-6.5% in H1 of 19: Nomura
Despite the almost lose fiscal and monetary policies, the economy is likely to slow down to 6-6.5 percent in the first half of 2019, due to weak global demand, political uncertainty and tighter financial conditions, says brokerage report.
RBI under the new governor had last week projected a GDP growth of 7.4 percent for 2019-20--7.2-7.4 per cent in first half, and 7.5 percent in the second half. Image source: Reuters