India’s Economic Comeback Meter: CARE Ratings
A billboard with information about coronavirus is reflected in a mirror of a rickshaw in Patna. (Photographer: Anindito Mukherjee/Bloomberg)

India’s Economic Comeback Meter: CARE Ratings


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.

CARE Ratings Research Report

Following the pandemic induced economic lockdown, the economy has gone through fairly volatile phases, depending on the extent to which the unlock process unfolded.

Various high frequency indicators show different pictures of recovery. Some are based on sample surveys while others are on production or collection numbers.

Interpretation of these numbers has been a puzzle as the basis of comparison has been varied.

Do we compare month-on-month growth rates or year-on-year? Also, do we compare year-on-year growth rates with the previous year or previous month? Judgments vary depending on the assessment of month-on-month growth, year-on-year improvement, comparison of year-on-year growth rates with the rate of increase in the previous year/month.

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CARE Ratings Economic Comeback Meter.pdf


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.

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