Q2 GDP Preview - GDP Seen At 6.2%; Retain FY23 GDP Forecast At 7.5%: Nirmal Bang

"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. .Nirmal Bang Report.We peg gross domestic product growth for Q2 FY23 at 6.2%, which is not different from our early estimate. Gross value added growth is seen at 6.1%. While goods and services tax collection growth has been robust at 27.5% YoY in Q2 FY23, higher subsidy payouts (up 177.7% YoY) will likely pull down net tax revenue growth, minimising the wedge between GVA and GDP growth. We expect agriculture and allied sector growth to come in at 2% YoY in Q2 FY23 on lower Kharif rice output. Pulses output is expected to be largely flat while oilseeds output is expected to see a marginal decline, according to the First Advance Estimates. Industry will remain a drag on growth with margin pressure continuing to weigh on the manufacturing sector on account of high input prices. Industry output (excluding construction) is expected to decline by 0.4% YoY. Services output (including construction) is likely to grow by 9.2% YoY in Q2 FY23 with a sustained recovery in contact intensive services and strong growth in financial, real estate and professional services. Public administration, defence and other services will likely witness tepid growth on account of slowdown in government spending and a high base..Click on the attachment to read the full report:.DISCLAIMERThis 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."

Q2 GDP Preview - GDP Seen At 6.2%; Retain FY23 GDP Forecast At 7.5%: Nirmal Bang

We peg gross domestic product growth for Q2 FY23 at 6.2%, which is not different from our early estimate.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Q2 GDP Preview - GDP Seen At 6.2%; Retain FY23 GDP Forecast At 7.5%: Nirmal Bang

We peg gross domestic product growth for Q2 FY23 at 6.2%, which is not different from our early estimate.

Choose a plan

Follow Us

DOWNLOAD THE APP