WealthSpring’s GDP Forecast – People will soon come to grips with reality
First Published on April 5, 2020
We at WealthSpring have for some time now argued vehemently that India’s GDP will contract in FY 21, by 3 to 8%.
Though our forecast for the economy has been far grimmer than anyone else, our take for the Indian Equity Markets has been constructive. That NIFTY at 7500 to 8000 levels, was already discounting 5% GDP contraction.
The consensus opinion in the market all this while has been that GDP will grow, though at slower pace of 1 to 2%.
Nice to see the numbers in this McKinsey’s report (for lockdown extending to May) validating our GDP forecasts.
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