Thread by @Sanju_Verma_

#Fitch,last year said,in FY22,India's #GDP growth will be in 8.5-9.5% range,but has now upgraded it's forecast,saying India under @narendramodi,will grow by solid 11% in 2021-22💪

GDP growth estimates for India in FY22 👇
IMF 8.8%
Nomura 9.9%
India Ratings 9.9%
Goldman Sachs 13%

Fitch,while lauding Modi Govt said,India is unusual among EMs,in having secured pre-orders of various vaccines,sufficient to cover a population-wide programme,having pre-ordered 1.6 billion vaccine doses,including 500 mln of the Oxford/AstraZeneca vaccine through a local producer

M&M expects Tractor industry to grow between 17-19% in FY22;If overall #AutoIndustry grows by 15-20%,cascading effect on GDP growth,will be superior

After stellar Nos by TCS,#Infosys also reported solid 16.6% YoY rise in consol net profit at 5197Cr for Dec qtr
#Economy #Earnings

Infosys revenues grew 12.3%,with Co raising FY21 revenue growth guidance to 4.5-5% in CC terms,after guiding for 2-3% growth in Oct'20

Focus on digital transformation& client partnerships with Vanguard, Daimler&Rolls-Royce,helped

Large deal value stood at record high of $7.13bn

5.5% sequential revenue growth reported by Infosys,has to be bestest ever in the longest time &once again proves,economic momentum is back

Staff utilisation level including trainees stood at 82.3%,with Infosys saying it will do aggressive #hiring going fwd,to meet rising demand

Infosys generated free cash flow of Rs 5683 Cr in Q3,a 19.4% growth YoY,with FCF conversion of net profit,at solid 109%

Corporate results reflect state of economy&5.3% constant currency growth,best in 8 yrs,is huge,with operating margins of #Infosys,rising by 350bps to 25.4%💪