State Government Finances - Gross State Development Loan Issuance Forecast At Rs 7.6 Trillion In FY22: ICRA
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.
ICRA Research Report
After the 12.6% contraction in the gross state development loan issuance to Rs 3.1 trillion in H1 FY22, the Reserve Bank of India has pegged the same at Rs 2.0 trillion for Q3 FY22, similar to the level in Q3 FY21.
Factoring in our expectation of higher-than budgeted central tax devolution in FY22,we project the net SDL issuance at Rs 1.7 trillion in Q4 FY22, 15.3% lower than Rs 2.0 trillion in Q4 FY21.
For FY22, we estimate net and gross SDL issuance at Rs 5.5 trillion and Rs 7.6 trillion, respectively, 15.3% and 4.7% lower than the year-ago levels.
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.