Economy Watch - Activity Moderated To Five-Month Low In July: Motilal Oswal

Economy Watch - Activity Moderated To Five-Month Low In July: Motilal Oswal

Workers arranges crates at Dadar wholesale flower market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Our in-house Economic Activity Index for India’s real gross added (called EAI-GVA) posted growth of 7.7% YoY in July 2021 (the lowest in five months), against 10.7% YoY in June 2021 and a contraction of 5.2% YoY in July 2020.

This was led by broad-based moderation in July-21.

On the contrary, EAI-gross domestic product exhibited better growth of 5.6% YoY in July-21, against 2.7% YoY growth in June-21, but much weaker versus March–May 2021.

While investments grew at the lowest level in five months in July-21, private consumption grew at a three-month-high pace during the month.

Click on the attachment to read the full report:

Motilal Oswal Economic Activity.pdf
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