Anand Rathi: India GDP Q1 FY21 - Bracing For The Aftershock

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..Anand Rathi Report.Though the 23.9% contraction in the gross domestic product in Q1 FY21 was worse than consensus expectation, with half the quarter under complete lockdown this was not totally unexpected.The impact so far is mainly supply-sided. Lower demand would be the bigger issue in the rest of FY21.To avert more than an 8% GDP contraction in FY21, fiscal stimulus is the need of the hour.In the midst of the record fall in most sectors and economic activity during Q1 FY21, a few that recorded growth are agriculture (3.4%) in the gross value added (GVA) and government consumption in GDP (16.4%).Positive net exports (4% of GDP in Q1 FY21 versus down 4% in Q1 FY20) averted a much sharper plunge in growth..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Anand Rathi: India GDP Q1 FY21 - Bracing For The Aftershock

Anand Rathi: India GDP Q1 FY21 - Bracing For The Aftershock

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