CREDIT SUISSE - INDIA STRATEGY : 01.06.2021
* India's FY21 GDP Growth Was Revised To -7.3% From -8% Estimated In Feb
* Revision Came Mainly From Industries; Agri Growth Was Upgraded Too
* On The Expenditure Side All The Upward Revision Came From GFCF
* GFCF Share Of GDP Thus Fell Far Less Than Earlier Estimated In The First
* Current Slowdown Is Thus From A Stronger Base
* Consensus Estimates Of FY22 GDP Have Fallen 70 Pp In The Last Fortnight
* Continue To Expect Stronger Growth, With Limited Lasting Damage From Lockdowns
* See Upgrades To Industrial Output And GFCF In FY21
CREDIT SUISSE - INDIA STRATEGY : 01.06.2021
