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This Article is From Sep 01, 2022

India Economy — Less-Than-Expected Q1 GDP Print Forebodes A Much Slower H2: Systematix

India Economy — Less-Than-Expected Q1 GDP Print Forebodes A Much Slower H2: Systematix
India Economy-Lesser-Than-Expected 1Q GDP Print Forebodes A Much Slower 2H: Systematix

BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Institutional Equities Report

The statistical spurt in India's real GDP growth at 13.5%, significantly lower than RBI and our expectations, reflecting the fact that the post-COVID recovery has been slower than anticipated.

Hence, we see downside risk to our and RBI's real GDP growth projection of 7.2% for FY23; the sub-4% growth we were expecting for 2HFY23 may need to further shift downwards.

Our medium-term real GDP growth projection stands at 4% (same as the latest Conference Board projection for 2022- 26, Aug 2022), and in an optimistic scenario, could average between 4-5%.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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