India

India's Trade-Led Acceleration in GDP Unlikely to Lose Momentum in 2022

Macroeconomics
145 Views, 10 Jan 2022 03:23
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EXECUTIVE SUMMARY
  • India's goods exports grew 41.4% in 2021, outpacing most of the world (including Taiwan, Korea and China). Services exports stayed robust too, and both will boost growth in 2022. 
  • Fixed investment spending was up 11% YoY in Q2-FY2021/22, and will likely strengthen further on the back of accelerating corporate profits (evident in surging corporate tax revenue). 
  • Despite renewed disruptions from India's Third Wave of Covid, we expect real GDP to grow over 10% in FY2021/22 and 8%+ in FY2022/23, boosted by robust exports.  
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Prasenjit K. Basu
Chief Economist & Political Strategist
CrossASEAN Research
Multi-AssetMacroeconomicsCross Asset Strategy

PK Basu has 30 years experience covering Asia's economies and markets (equities, fixed income and currencies), including... 

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