India’s Quarterly Economic Outlook - Government Spending Could Be Higher-Than-Budgeted In FY22: 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
As expected, the economic impact of the second Covid-19 wave is about 2.1% of gross domestic product in FY22F, about a fifth of 10-11% output loss from the first Covid-19 wave in FY21.
When the Government of India published its Q1 FY22 real GDP data at the end of August 2021, the limited impact of the second Covid-19 wave was confirmed.
With such a small adverse economic impact, the share of pent-up demand in the economic recovery in H2 FY22 will also be limited.
Accordingly, we keep our nominal/real GDP growth forecasts largely unchanged for FY22/FY23, lower than market consensus.
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.