Nomura pares FY22 growth estimate to 10.8%
The Hindu
‘Lockdowns to impact economy’
Japanese brokerage Nomura on Tuesday cut its GDP growth estimate for the current 2021-22 fiscal to 10.8% from the earlier 12.6%, blaming the impact of the second wave-induced lockdowns. It said the activity levels have dropped further to 64.5% of the pre-pandemic levels in the week to May 9 as per a proprietary index, after a further 5 percentage points drop in the week. The activity levels, at present, are at par with those seen in June last year.
Soumen Sen appointed as the new Chief Justice of the Kerala High Court, succeeding Nithin Jamdar.
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