BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Consumer price index-based retail inflation came in at a four-month high of 5.5% YoY in March 2021 (versus 5% in February 2021 and 5.8% in March 2020).
This number is marginally higher than both our forecast and market consensus of 5.4%.
With this, CPI inflation in FY21 came in at 6.2%, a seven-year high.
Additionally, index of industrial production declined 3.6% YoY in February 2021 versus a fall of 0.9% YoY in January 2021.
The number was worse than both our expectation and market consensus of -3% YoY in February 2021.
Notably, IIP numbers for November 2020/January 2021 were revised from -2.1%/-1.6% to -1.6%/-0.9% YoY.
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