Indian economy to contract by only 3.8% in June quarter as compared with March: Nomura
Shortpedia
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The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday. Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown. It estimated the economy to contract by only 3.8% in June quarter as compared with March quarter.
