Anand Rathi: GDP Q2 Review - Better Than Expected
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Anand Rathi Report
As expected, India entered the first technical recession in the known history. Yet, down 7.5 % decline in gross domestic product growth during September 2020 was better than expected.
Positive net exports, better than expected manufacturing recovery and modest improvement in investment rate raise hope for H2 FY21.
Fiscal conservatism and subdued consumption key concerns.
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