India Chartbook For May: Dolat Capital
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Dolat Capital Report
The macroeconomic data for March-April 2021 reflects the base effect of last year complete lockdown of the economy in response the first wave of Covid-19.
Hence it may not be very useful to draw extrapolated trends for the months ahead, and it is more so now with the lockdown effect at play in April and May.
Whether this extends into June, at least partially, remains to be seen.
Key industrial sectors witnessed jump in production growth for March-21- Index of industrial production (up 27% YoY), durables (up 55%), steel (up 23%), cement (up 32%).
Fertilisers sector de grew 5% YoY on a negative base of 12%. Electricity generation growth for April 2021 increased 38.7% YoY.
This continued strong growth through the last couple of quarters.
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