India’s GDP growth is projected at 6.6 per cent in FY26, according to Nomura.
However, it warned of a 0.8 pps hit if 50 per cent tariffs persist, with CAD rising to 1.1 per cent.
Stalled trade talks with the US, supply chain pressures, and risks to textiles, leather, and toys loom.
Nomura expects India to respond with fiscal support, export diversification, FTAs, and accelerated reforms.
However, it warned of a 0.8 pps hit if 50 per cent tariffs persist, with CAD rising to 1.1 per cent.
Stalled trade talks with the US, supply chain pressures, and risks to textiles, leather, and toys loom.
Nomura expects India to respond with fiscal support, export diversification, FTAs, and accelerated reforms.
