Despite the liberal policy adopted by the Reserve bank and control over inflation, this is a shocking news for india on the economic front. Japan's brokerage firm Nomura has expressed the possibility of India's economic growth being low in its forecast. It has estimated the country's GDP growth rate to remain at 6.2 percent in the financial year 2025-26, which is less than 6.5 percent in the financial year 2024-25. This prediction of slow pace by the brokerage firm has been made at a time when different data has come out on the growth of GST collection to automobile and bank credit.
GDP pace will slow
It is worth noting that according to the official data released last week, the economic pace has increased from 6.5 percent in the GDP growing at the rate of 9.2 percent in the financial year 2024, that is, a big decline has been seen. In such a situation, when RBI has projected the economy to grow by 6.5 percent in its forecast, there is a slight decline in Nomura's forecast. However, Nomura definitely said that despite a slight decrease in GDP growth, the target of the Benchmark Nifty index for march 2026 will increase to 26,140, which is more than the previous forecast of 24,970.
RBI's growth forecast
Nomura said in its report, "We believe that GDP growth will decline from 6.5 percent in FY 2024-25 to 6.2 percent in 2025-26." The brokerage firm revised the Nifty target for march 2026 to 26,140 points, while earlier it was estimated to be at 24,970 points.
Nomura said that this has been done on the basis of macroeconomic trends. On the other hand, American brokerage BofA Securities made a cautious comment about the valuation of the stock market and said that it seems to be at its upper level for the near term.
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