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
The National Statistical Office has pegged the YoY expansion in gross domestic product and gross value added (at constant 2011-12 prices) at 9.2% and 8.6%, respectively, in the First Advance Estimates for FY22 (our expectation: up 9.0% and up 8.8%, respectively), indicating an implicit GDP growth of 5.6% for H2 FY22.
In our view, after a 6.0-6.5% rise in Q3 FY22, the GDP expansion is set to slip below 5.0% in the ongoing quarter. Amid the ongoing uncertainty, we currently peg the impact of Omicron on GDP growth in Q4 FY22 at around 40 basis points, posing a mild downside to our FY22 GDP growth forecast of 9.0%.
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