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.
SBI Research Report
India’s gross domestic product grew in double digits and stood at 20.1% in Q1 FY22 (our estimate: 18.5%). Gross added increased by 18.8%.
Interestingly, we should look at the seasonally adjusted numbers QoQ as is the practice globally.
Average contraction in Q1 since FY13 comes to down (-) 3.6%. For Q1 FY22, the seasonally adjusted QoQ real growth is -13.6%. In Q1 FY21 it was -26.7%.
Agriculture and allied sectors grew by 4.5% in Q1 FY22 as against 3.5% in Q1 FY21 and 3.1% in preceding quarter.
This sector remains unscathed from the pandemic and continues to perform well.
Industry, which was the worst affected sector during the pandemic, rebounded sharply in Q1 FY22 (grew by 46.6%) due to 49.6% growth in manufacturing and 68.3% growth in construction.
However, much of the growth is due to the low base in Q1 FY21.
Services sector exhibited a YoY growth of 11.4%, however, on Q-o-Q basis the sector has contracted by 11.8%.
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