India`s headline inflation is likely to remain high this year too, registering an average of 8.6 percent in 2011-12 as manufacturers are likely to pass on input costs to consumers, global banking giant Nomura said Tuesday.
In view of India`s pleasantly
surprising GDP growth for the second quarter, Nomura Financial
Advisory & Securities (India) today revised the country`s
FY`10 GDP growth forecast at 7 percent from 6 percent
Financial services major Nomura Holdings has posted a profit of 27.72 billion yen in the second quarter, buoyed by strong growth in retail and asset management segments and expansion of its business overseas.
Rising prices of food items and industrial goods are likely to push inflation to eight per cent in the next six months, much above the RBI`s projection of 5%, global financial services firm Nomura has said.