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India’s nominal GDP may hit a six-year low: Report

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Jefferies projects a slowdown in India's corporate revenue and earnings growth for FY26 due to an anticipated moderation in nominal GDP growth to 9%, the second-lowest since FY04, excluding FY21. Despite steady real GDP growth, easing inflation is the primary driver. This deceleration may also impact credit expansion, potentially affecting the financial sector and investment momentum.

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