Revising FY22 GDP Estimates To 7.9% - Impact Of Any Possible Third Wave Could Be Minimised: SBI Research

A worker wearing a protective mask carries vegetables at a wholesale market during a lockdown imposed due to the coronavirus in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg).

Revising FY22 GDP Estimates To 7.9% - Impact Of Any Possible Third Wave Could Be Minimised: SBI Research

Bookmark

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.

SBI Research Report

As against National Statistical Office imputed estimate of decline of 1.0%, the Q4 FY21 gross value added clocked growth of 3.7%.

With this the full year GVA contraction also improved from 6.5% to 6.2%, compared to 4.1% growth in FY20.

The more than anticipated growth in Q4 is primarily due to double-digit growth in construction (14.5%) and improvement in all other sectors including reversal of decline in ‘public administration, defence and other services’ to growth.

The real gross domestic product for FY21 in the provisional estimates has been revised upwards to Rs 135.13 lakh crore from Rs 134.09 lakh crore as per the second advance estimates.

Click on the attachment to read the full report:

SBI Research Q4FY21 GDP.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 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.