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
India’s non-financial sector debt grew 11.9% YoY in Q2 FY22 (quarter-ending September 2021), similar to the 12.2% average growth during the previous two quarters.
Outstanding non-financial sector debt rose to Rs 371 trillion in Q2 FY22. However, it eased to 170.2% of gross domestic product (from its peak of 180.2% of GDP in Q4 FY21) due to the nominal GDP normalisation effect.
Within non-financial sector debt, general government debt (center + states) continued to rise strongly at 16.1% YoY in Q2 FY22, while the non-government, non-financial debt grew to a nine-quarter high of 7.7% YoY.
Within the non-government, non-financial sector, household debt growth softened to a five-quarter low at 9.1% YoY, while non-financial companies debt rose to a nine-quarter high of 6.8% YoY in Q2 FY22, compared with 2.2% YoY growth in Q2 FY21 – the lowest in two decades.
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