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India’s Economy In Q2 FY22 - Recovery Gaining Traction: CARE Ratings

India’s Economy In Q2 FY22 - Recovery Gaining Traction: CARE Ratings

<div class="paragraphs"><p>A worker carries a sack of melons at a vegetable market in Bengaluru. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A worker carries a sack of melons at a vegetable market in Bengaluru. (Photographer: Dhiraj Singh/Bloomberg)

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 Report

India’s economy grew by 8.4% year-on-year in July-September 2021.

On a sequential basis, domestic economic output expanded by 10.4%.

The easing/ removal of lockdowns across states along with the steady decline in Covid-19 cases and the higher vaccination rate facilitated higher economic activity and output in the latest quarter.

CARE had estimated the GDP growth for Q2 FY22 to be in the region of 8.1% to 8.3%.

The nominal GDP has grown by 17.6% from Q2 FY21 and is 8.4% higher than the previous quarter.

The high growth here is reflective of the price pressures across the various goods and services in the economy.

Click on the attachment to read the full report:

CARE Ratings Indias Economic Growth Q2FY22.pdf

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