India Economy Watch - Expect Real GVA/GDP To Grow Around 24% YoY In Q1: Motilal Oswal

Workers transport goods at Khari Baoli spice market in New Delhi, India. (Photographer: Ruhani Kaur/Bloomberg).

India Economy Watch - Expect Real GVA/GDP To Grow Around 24% YoY In Q1: 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

Slightly lower than our forecast of 3.9% YoY, but higher than Bloomberg consensus of 2.6% YoY, real gross value added came in at 3.7% YoY in Q4 FY21.

This implies that real GVA declined 6.2% YoY in FY21 as against a growth of 4.1% YoY in FY20.

Real gross domestic product came in at 1.6% YoY in Q4 FY21, better than our forecast/Bloomberg consensus of 0.6%/1%.

Real GDP, therefore, fell 7.3% YoY in FY21 versus a growth of 4% YoY in FY20.

While industrial activity grew at an 11-quarter high in Q4 FY21, the services sector grew 1.5% YoY.

Within industry, while manufacturing, construction, and power generation did well, mining and quarrying performed worse in Q4 FY21.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope GDP.pdf


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