MONTHLY NEWSLETTER AUGUST 2021
GDP Q1FY22 – IS IT THE BEST?
‘India reports highest ever quarterly GDP growth’, read the headlines in some newspapers. The headlines sound very exciting and worth grabbing eyeballs. Overall GDP growth in Q1 FY22 was impressive at 20% YoY led by Construction and Manufacturing sectors which grew in excess of 50% YoY. There was no sector which reported a negative YoY growth in this quarter. But is the picture really so rosy? Has India’s economy broken the shackles and on a tear away growth path? Let’s deep dive and find out!