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.
Motilal Oswal Report
India's non-financial sector (NFS) debt grew 10.3% YoY in Q3 FY21, marking the highest growth in six quarters, higher than the record low of 8.0% in Q4 FY20.
Outstanding NFS debt stood at Rs 338 trillion - or a fresh high of 174.4% of gross domestic product in Q3 FY21 (or Q4 CY20) – as annualized nominal GDP declined 3.3% YoY during the quarter.
Within NFS, general government (center + states) debt grew at a decade high of 16.3% YoY, and non-government nonfinancial debt grew just 5.0% YoY in Q3 FY21 – only marginally better than the record low growth of 4.6% in Q2 FY21.
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