Care Ratings: India’s Q2 GDP Growth - Review
People crowd the streets of downtown Mumbai, India (Photographer Paul Hilton/Bloomberg News)

Care Ratings: India’s Q2 GDP Growth - Review

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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.

Care Ratings Research Report

The Indian economy in the July - September quarter staged an impressive recovery from the record decline of the preceding three months, suggesting that the resumption of economic activity has been gathering pace.

Despite the improvement, the domestic economy in Q2 FY21 continued to be in contraction mode for the second successive quarter and thereby was technically in a recession. In terms of size, the domestic economy shrunk to the level of December 2017.

The gross domestic product growth in Q2 FY21 declined 7.5% YoY was sharply lower than the 4.4% growth in Q2 FY20.

Click on the attachment to read the full report:

Care Ratings Indias GDP Growth Q2 FY21.pdf

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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.

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