Lower oil prices and NRI inflows could change India’s macro outlook: Nomura
India’s macroeconomic outlook could improve in the coming months as lower crude oil prices and a government initiative aimed at attracting non-resident Indian (NRI) deposits support the country’s external position, according to Robert Subbaraman, Head of Global Macro Research at Nomura Singapore. Subbaraman said Nomura expects the measures to attract overseas deposits of nearly $55…
