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Searched Tag: nomura investment bank
Nomura, an investment bank, has expressed confidence in India's economic fundamentals, stating they will remain robust despite political changes. This comes after the BJP-led NDA retained power with a weaker mandate than expected, while the opposition INDIA bloc performed better than exit polls predicted.

India's reforms weather political changes: Nomura

June 4, 2024, 11:50 PM - 2 mins read

The bank anticipates the new government's first 125-day agenda to prioritize digitalization, infrastructure, industrialization, and governance reforms. The election outcome might shift spending from capital expenditure to revenue expenditure, though macroeconomic prudence is expected to be maintained.

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