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.
Systematix Research Report
The spike in Consumer price index inflation to 5.5% in March 2021 along with high core inflation and deepening contraction in industrial production (down 3.6% in February 2021) adds to economic growth uncertainty.
The decline in industrial growth contrasts the still robust manufacturing purchasing managers' index of 55.4 in March 2021, which though lower than 57.2 in Feb-21 is indicating an expansion.
A favourable base effect is likely to induce a significant spike in Index of Industrial Production growth in the next four months, starting with up 14% in March-21.
The inflation outlook remains comfortable around 5%.
However, downside risks to growth arising from local lockdowns will prompt Reserve Bank of India to remain accommodative for the entire FY22.
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.