India’s robust financial growth momentum may gradual within the coming months, making the central financial institution shift focus from taming inflation to stimulating demand, based on Nomura Holdings Inc.

The financial system’s enlargement within the newest quarter stunned on the constructive facet, however going ahead “the tailwinds will turn a bit more into headwinds,” Sonal Varma, chief economist for India and Asia ex-Japan at Nomura, mentioned in an interview on Bloomberg Television Thursday.