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Second wave a human crisis, impact on economy muted: Nomura

Second wave a human crisis, impact on economy muted: Nomura
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The ongoing lockdowns across states are expected to last till June, which would be followed by a faster sequential recovery in the July-September quarter, Nomura said in a report released on Tuesday.
Agencies
Nomura had revised down India’s FY22 growth forecast to 10.8% from 12.6% as the second wave began to take hold.
Global brokerage Nomura has termed India’s second wave of Covid-19 a humanitarian crisis rather than an economic crisis, saying the impact on growth is likely to be muted and limited to the first quarter of this fiscal. ....

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