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.
CARE Ratings Research Report
On April 21, we had projected gross domestic product growth to be 10.2% for FY22 on the assumption that the lockdowns would be rolled back in June.
This was premised on the daily infection caseload declining in the month of May.
However, while there have been some swings in the last few days, the daily cases have not gone below the 350,000 mark. The seven days moving average is still at around 390,000 as of May 10.
The concern now is that the infections are spreading to the interiors too in most states which also means that agriculture, which was isolated from the first wave, can be affected this time though there is not a perceptible impact presently.
The spread of infection has also affected workers in various businesses in this round which is directly affecting companies.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR