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.
Motilal Oswal Report
The International Monetary Fund has revised India’s FY21 real gross domestic product forecast from down 5.8% in June 2020 to down 10.3% this month, which is broadly in line with the Reserve Bank of India’s projection of down 9.8% and market consensus’ decline of 9.1%.
Similarly, Q2 FY21 real GDP forecasts have seen sharp cuts – from growth of 1.2% YoY in May 2020 to a decline of 5% in July 2020 and to down 10% in September 2020.
How to read these better-than-expected data and are there some special factors leading to this higher growth? We do believe so.
Favorable base effect, pent-up demand and strong inventory re-building in the hope of a grand festive season have led to the better-than-expected economic growth in August- September 2020.
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