Nirmal Bang: India's Economic Recovery Remains Steady, Hitting Neither The Brake Nor Accelerator
Light trails are left by passing traffic in front of commercial buildings in New Delhi, India (Photographer Anindito Mukherjee/Bloomberg)

Nirmal Bang: India's Economic Recovery Remains Steady, Hitting Neither The Brake Nor Accelerator

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Early data for August 2020 indicate that 42.2% indicators were in the positive territory, up from the 30% suggested by the early indicators in July 2020.

Final data for July 2020 suggest that 34.69% indicators were in the positive territory.

Overall, the improvement in economic indicators is steady. Reflecting the relative resilience of the rural sector, tractor sales were very strong, up by 74.7% YoY.

Driven by the demand for personal mobility, two wheeler sales turned positive and were up by 3.2% YoY while passenger vehicle sales were up by 13.6% YoY.

Click on the attachment to read the full report:

Nirmal Bang India Macro Meter- Economy Update-25 September 2020.pdf

DISCLAIMER

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.