Economic Outlook - Will RBI Signal End Of ‘Accommodative’ Stance? Motilal Oswal
Light trails are left by passing traffic in front of commercial buildings in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Economic Outlook - Will RBI Signal End Of ‘Accommodative’ Stance? Motilal Oswal

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Motilal Oswal Report

Unlike the first wave, wherein the central government implemented a national lockdown in Q1 FY21, the responsibility of managing the second wave was handed over to the states/territories.

This resulted in regional restrictions almost across the country in April/May 2021.

Although the lockdowns have continued in June 2021, the number of daily Covid-19 cases and the positivity rates has fallen significantly in the past month or so.

Therefore, while the economic momentum has been disturbed in Q1 FY22, the extent of economic loss would be modest versus Q1 FY21.

Accordingly, we have revised down our real gross domestic product growth forecasts for H1 FY22 and, thus, for FY22.

Click on the attachment to read the full report:

Motilal Oswal Quarterly Economic Outlook.pdf

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