India Economy - At 17.9 Crore In August, Vaccination Is The Best Bet For Growth Recovery: SBI Research
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.
SBI Research Report
India’s gross domestic product grew in double digits and stood at 20.1% in Q1 FY22 (our estimate: 18.5%). Gross value added increased by 18.8%.
Interestingly, we should look at the seasonally adjusted numbers QoQ as is the practice globally.
Average contraction in Q1 since FY13 comes to down (-) 3.6%. For Q1 FY22, the seasonally adjusted QoQ real growth is -13.6%. In Q1 FY21 it was -26.7%.
Agriculture and allied sectors grew by 4.5% in Q1 FY22 as against 3.5% in Q1 FY21 and 3.1% in preceding quarter.
This sector remains unscathed from the pandemic and continues to perform well.
Industry, which was the worst affected sector during the pandemic, rebounded sharply in Q1 FY22 (grew by 46.6%) due to 49.6% growth in manufacturing and 68.3% growth in construction.
However, much of the growth is due to the low base in Q1 FY21.
Services sector exhibited a YoY growth of 11.4%, however, on Q-o-Q basis the sector has contracted by 11.8%.
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.