GDP expected to rise by 9.75% in Q2 FY22: HDFC Bank

GDP growth

The Q2 FY22 GDP print to be released on 30th November is likely to register a growth of 7.8% y-o-y. On a Gross Value Added (GVA) basis, we expect growth of 7.3% y-o-y.

The gap between GDP and GVA is likely to be driven by higher tax revenue collection and lower subsidy pay-outs in this quarter.

On a sequential basis, GDP is expected to rise by 9.75% in Q2 FY22, vs. a contraction of 16.9% in Q1 FY22, as economic activity gathered pace in the second quarter supported by pent up demand, a pickup in vaccination drive and easing of second wave related restrictions .

News Source:- Moneycontrol

 

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