India is expected to see a real GDP growth of 6.9 per cent in September quarter while the "downside risk" for the economy has increased amid prolonged turbulence in the global financial markets, says a report.
"We expect real GDP growth to remain below potential and inflation to moderate as tight monetary policy and weaker global growth cap demand," global financial services group Nomura has said.
The real GDP expansion is projected to slowdown to 6.9 per cent in the September quarter on a year-on-year basis from 7.7 per cent growth clocked in three months ended June. According to Nomura, the lower growth would be on account of broad-based slowdown in private consumption, fixed investment and exports. "Although we expect GDP growth to rise in 2012, the downside risk to the economy has risen, mainly due to prolonged turbulence in global financial markets," the report noted.
On price rise, the report said that headline WPI is expected to remain over 9 per cent this month.
