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View on GDP numbers for Q4FY20 - Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank

Posted On: 2020-05-29 22:55:54


"Expectedly, the 4QFY21 GDP slowed down across manufacturing, construction and trade hotels, partly reflecting the sudden halt in economic activity led by the COVID-related response. Probable, some data gaps could also have made the data patchy. While the slowdown in economy was already underway, the COVID-19 related disruptions has further exaggerated the issue. We expect the 1QFY21 to record a sharp contraction of over 14%, with only a gradual recovery thereafter. For the year, we continue to expect contraction in GDP (over 5%). Accordingly, expansionary fiscal and monetary response will have to continue to aid the economy."


Source: Equity Bulls

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