India’s GDP growth likely to slow to 6.2% in FY26: Nomura report

Nomura projects India’s GDP growth to slow to 6.2% in FY26, down from 6.5% in FY25, while raising its Nifty target due to positive domestic macroeconomic factors. Bofa Securities expresses caution on near-term equity valuations but remains optimistic long-term. Nomura favors domestic-focused sectors and anticipates a consumption rebound amid favorable economic conditions.