India Economy Update – Growth Marches On, But April Will Feel The Heat Of The…

by akoloy

BQ Blue’s particular analysis part collates high quality and in-depth fairness and economic system analysis studies from throughout India’s prime brokerages, asset managers and analysis companies. These studies supply BloombergQuint’s subscribers a possibility to develop their understanding of corporations, sectors and the economic system.

Early information for March 2021 point out that 78.8% of the symptoms have been within the constructive territory, up from 63.64% in February 2021.

However, remaining information for Feb-21 counsel that solely 60% of the symptoms have been within the constructive territory.

Some of the constructive momentum in March-21 got here on the again of a low base in March-20 on account of imposition of the nationwide lockdown.

We consider that gross home product development might nonetheless be marginally constructive in This fall FY21, supported by a low base in March-20 and revival in authorities spending (underpinned by bettering tax collections).

However, sequential momentum is prone to have slowed sharply in April-21 on account of imposition of localised lockdowns, because the second Covid-19 wave has swept the nation.

Click on the attachment to learn the complete report:

Nirmal Bang India Macro Meter- Economy Update-29 April 2021.pdf


This report is authored by an exterior get together. BloombergQuint doesn’t vouch for the accuracy of its contents neither is chargeable for them in any means. The contents of this part don’t represent funding recommendation. For that you could at all times seek the advice of an skilled based mostly in your particular person wants. The views expressed within the report are that of the creator entity and don’t signify the views of BloombergQuint.

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