India's GDP to grow at 7.5% in 2018: Nomura
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    New Delhi: Indian economy is expected to witness sharp recovery in the January-March quarter and its GDP growth likely to be around 7.5 per cent for 2018, says a Nomura report.

    According to Japanese financial services major Nomura's Composite Leading Index (CLI), some growth consolidation is likely in the Q4 (October-December), followed by a sharp recovery in Q1 (January-March) 2018 due to ongoing remonetisation and improving global demand.

    "We remain bullish on the growth outlook. We expect GDP growth to rise to 6.7 percent year-on-year in Q4 (October- December) from 6.3 percent in Q3 (July-September), followed by a stronger rebound to 7.5 percent in 2018," Nomura said in a research note.

    The report further noted that a tightening of monetary policy is likely owing to inflationary pressures and higher oil prices.

    Moreover, the minutes of the December 6 monetary policy committee (MPC) meeting suggest that even as most members saw upside risks to inflation, weak growth concerns have held them back.

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