India IIP - Robust Growth Continues In August: Anand Rathi

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..Anand Rathi Report.India recorded 11.9% industrial growth in August 2021, in line with the consensus expectation. The slow opening up since mid-May 2020, post the national lockdown, created a subdued base. The peaking of the second wave in early May 2021 also helped improve sequential growth.In Aug-20, capital goods contracted 14.4% and rebounded 19.9%, in Aug-21. Despite being low, unlike the prior month, staples grew 5.2% in Aug-21. All categories grew in Aug-21 though durables decelerated sharply.In Aug-21, the trend of industrial growth across G-20 countries was mixed, with several recording deceleration. Barring the countries which have been faced with a prolonged recession in recent years (Argentina, Turkey), India’s industrial growth was the best. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

India IIP - Robust Growth Continues In August: Anand Rathi

India IIP - Robust Growth Continues In August: Anand Rathi

Choose a plan