GDP Preview - Q4 FY21 GDP Growth Seen At 2.1%: Nirmal Bang
A worker places a stainless steel container in a coil heater inside a manufacturing workshop in the suburb of Mira-Bhayander in Thane, Maharashtra, India. (Photographer: Vivek Prakash/Bloomberg)

GDP Preview - Q4 FY21 GDP Growth Seen At 2.1%: Nirmal Bang

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.

Nirmal Bang Report

India's gross domestic product in Q4 FY21 (due on May 31) is likely to register 2% growth, against our earlier estimate of 1-1.5%.

Gross value added growth is likely to come in at 3.8% against our earlier estimate of 2.4%.

The upward revision comes on the back of strong performance of the manufacturing sector (in particular the listed companies) and a rebound in government expenditure as well as tax collections in Q4 FY21.

Consequently, we are anticipating a GDP contraction of 7.3% (7.5% earlier) and GVA contraction of 6.2% (7.0% earlier) in FY21.

Our rough estimates suggest that at the peak of the lockdown in May 2021, the economy is likely functioning at ~ 60% capacity.

Click on the attachment to read the full report:

Nirmal Bang Q4FY21 GDP Preview - Economy Update- 20 May 2021.pdf

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