BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
India’s current account posted a surplus of U.S. dollar 19.8 billion (3.9% of gross domestic product) in Q1 FY21, slightly better than the market consensus of U.S. dollar 19.5 billion, but lower than our projection of U.S. dollar 21.1 billion.
This is the highest surplus since FY04 and follows a small surplus of U.S. dollar 0.6 billion (0.1% of GDP) in the previous quarter.
The economic lockdowns and crash in crude oil prices helped narrow India’s trade (goods) deficit in Q1 FY21, which came in at 15-year low of U.S. dollar 10 billion (2% of GDP), as against U.S. dollar 35 billion (4.8% of GDP) in the previous quarter and U.S. dollar 46.8 billion (6.6% of GDP) in Q1 FY20.
Note there has not been a single quarter of merchandise trade surplus since 1996 (since when the quarterly GDP data became available).
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 brokerage 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