ADVERTISEMENT

India's Real GDP Grows Inline With Market Expectations In Q2 FY23: Motilal Oswal

Real gross domestic product/gross value added grew 6.3%/5.6% YoY in Q2 FY23.

<div class="paragraphs"><p>A construction worker at site. (Photo: Ricardo Gomez/ Unsplash)</p></div>
A construction worker at site. (Photo: Ricardo Gomez/ Unsplash)

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. 

Motilal Oswal Report

Real gross domestic product/gross value added grew 6.3%/5.6% YoY in Q2 FY23 (versus our forecast of 6.5%/6.4% and broadly in line with Bloomberg consensus), slower than the 13.5%/12.7% YoY growth in Q1 FY23 and 8.4%/8.3% YoY growth in Q2 FY22.

Nominal GDP/GVA growth stood at 16.2% YoY each in Q2 FY23 as against 26.7%/28.6% YoY in Q1 FY23.

The details of real GDP suggest that private consumption grew 9.7% YoY in Q2 FY23, contributing 5.5% to overall GDP growth.

On the contrary, government consumption contracted by 4.4% YoY in Q2 FY23, contributing negatively (down 0.4%) to GDP growth.

Additionally, real investments grew 9.2% YoY in Q2 FY23, leading to a 3.2% contribution to real GDP growth. While exports grew 11.5% YoY in Q2 FY23, imports grew 25.4% YoY. This led to the external sector contributing - 4.3%.

Discrepancies too contributed 3.3% to overall real GDP growth in Q2 FY23.

Click on the attachment to read the full report:

Motilal Oswal GDP Update.pdf

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.