Barclays forecast India's Q3 economic growth at 6.6%

Seeing a stable third quarter, Brokerage firm Barclays has projected an economic growth of 6.6% for the third quarter of financial year 2022 with many sectors returning to pre-covid level of activity.

Looking at the third wave of Omicron in January, the report sees an apparent downward risk in the earlier estimate of 10% growth for FY 22.

The report sees countries service sector driving the economic growth in third quarter rather than manufacturing sector with growth slowing in construction, mining and manufacturing sector due to Supply-chain shortage.

According to the report, there is a clear jump in tourism activity, railway freight, air traffic as mobility levels returning to pre-covid trends.

Source: Barclays Investor Relations Annual reports | Barclays (home.Barclays)

17 views0 comments