Slow­down Spilling over into Jan-Mar Qtr: No­mura

The Economic Times - - Economy: Macro, Micro & More -

In­dia's growth mo­men­tum wit­nessed a re­cov­ery in Jan­uary but it is not broad-based and over­all eco­nomic ac­tiv­ity re­mains below pre-de­mon­eti­sa­tion lev­els, says a No­mura re­port. “Over­all, No­mura's eco­nomic heat-map and pro­pri­etary indices in­di­cate that ac­tiv­ity has weak­ened sharply in De­cem­ber and, while Jan­uary looks in­cre­men­tally bet­ter, it is not yet broad-based and ac­tiv­ity re­mains below pre- de­mon­eti­sa­tion lev­els,” No­mura In­dia chief econ­o­mist Sonal Varma said in a note.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.