Nirmal Bang: India’s Q2 GDP Growth -Review
A worker takes a break and drinks chai while sitting on sacks of rice paddy at an APMC wholesale market in Jalandhar, Punjab, India (Photographer Dhiraj Singh/Bloomberg)

Nirmal Bang: India’s Q2 GDP Growth -Review

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.

Nirmal Bang Report

Q2 FY21 gross domestic product contracted by 7.5% YoY while gross value added contracted by 7% YoY.

This was slightly better than Bloomberg consensus expectation and our expectation of 8.2% GDP contraction but does not really call for a revision of our FY21 GDP forecast, which stands at -8.5%.

Nominal GDP growth contracted by 4% YoY, improving from a contraction of 22.6% in the previous quarter.

The upside surprise came from industry, which grew by 0.1% YoY, supported by manufacturing growing by 0.6% YoY and electricity, gas and water supply growing by4.4% YoY.

Click on the attachment to read the full report:

Nirmal Bang Q2FY21 GDP Growth Review- Economy Update- 30 November 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.