Economic Outlook - Will RBI Signal End Of ‘Accommodative’ Stance? Motilal Oswal
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
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:
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 author entity 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.