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.
ICRA Research Report
Economic activity picked up in December 2021, with 10 of the 15 lead indicators registering a YoY improvement in that month, relative to November 2021, even as the pace of expansion largely trailed the levels seen in October 2021.
Moreover, the quarterly data suggests a modest broad-basing of the recovery in Q3 FY22, relative to Q2 FY22, when compared to respective pre-Covid-19 volumes.
However, the onset of the third wave of Covid-19 has triggered state-wise restrictions, which have expectedly interrupted the momentum in the ongoing month, reiterating that the recovery is yet to attain durability.
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