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

"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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