India Q1 FY22 GDP - The Fastest Growing Major Economy: Anand Rathi
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Anand Rathi Research Report
With 20.1% growth, India becomes the fastest growing major economy of the world, a position the country is expected to maintain in FY22 and FY23.
Investment, particularly the construction part, has been the major driver.
Foreign demand also helped. Consumption and services showed relative weaknesses.
While the national lockdown in 2020 impacted industry hard, the rebound in June 2021 has been remarkable.
Services continue to face headwinds. Agriculture is resilient.
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