India’s Quarterly Economic Outlook: Motilal Oswal
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Motilal Oswal Report
In the last version of Quarterly Economic Outlook, we began by saying ‘the worst quarter is behind us’; we are happy to begin this version noting that a terrible year is over and hoping the New Year will bring back old cheer.
The most difficult times are the best teachers and 2020 has lived up to the hype.
We expect contraction of 6.9% in real gross domestic product in FY21, followed by growth of 9.5% in FY22.
What concerns us, however, is headline inflation is likely to remain sticky at approximately 5.5% next year, much higher than market consensus and the Reserve Bank of India’s projection.
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