Lockdown Impact - India GDP Growth To Be 10.2% In FY22: 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
Towards the end of the last fiscal year on March 24 we had projected growth in gross domestic product for FY22 to be between 11-11.2% based on gross value added growth of 10.2%.
The spread of the virus in Maharashtra had led to the announcement of a lockdown by the state government which began in a less stringent manner from the first week of April.
Consequently, on factoring the potential loss of economic output due to the restrictions in Maharashtra on April 5 we lowered our GDP forecast for FY22 to 10.7-10.9%.
But the lockdown has been made more obtrusive to business activity by April 20, with more stringency expected for the forthcoming fortnight.
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.