Nomura Cuts India’s GDP Forecast to 6% as US Tariffs Threaten Textiles, Gems, and MSMEs
Global financial services firm Nomura has revised India’s GDP growth forecast for FY26 down to 6%, citing the adverse impact of the United States’ 50% tariff on Indian exports. The downgrade comes amid rising concerns over the vulnerability of key sectors such as textiles, gems and jewellery, and micro, small and medium enterprises (MSMEs), which…