Indian economy to see strong growth from Q1FY22: Morgan Stanley

by Nidhi Bhati

India’s GDP growth will return to pre-Covid-19 levels in the June 2021 quarter, Morgan Stanley’ Managing Director and the Asia Pacific Economist Chetan Ahya said in an interview with CNBC-TV18. According to Chetan, India’s GDP may contract by 5.7 per cent in 2020 and rebound to 9.8 per cent in 2021. On the account of global inflation, he remarked that there will be an inflation upside in developed markets, especially in the United States (US). But, in 2021 it will still be moderate inflationary pressures, not aggressive enough that the policymakers begin to tighten aggressively and slow down the growth. RBI may look to unwind some monetary stimulus, Chetan added.

References
1. https://www.cnbctv18.com/videos/economy/indias-gdp-growth-will-return-to-pre-covid-levels-by-q1fy22-says-morgan-stanley-7518581.htm
2. https://economictimes.indiatimes.com/news/economy/indicators/gdp-contraction-likely-to-have-narrowed-to-9-5-per-cent-in-september-quarter-icra/articleshow/79302826.cms