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) grew at the seven-month slowest pace of 5.4% YoY in September 2021, after posting 10–12% YoY growth in July/August 2021.
This implies EAI-GVA growth of 9.2% YoY in Q2 FY22, following all-time high growth of 20.3% YoY in Q1 FY22.
Modest growth in the farm and non-farm sectors led to lower GVA growth last quarter.
Similar to EAI-GVA, EAI-gross domestic product also grew at just 2.2% YoY in Sep-21, compared with 8.7%/13.3% YoY in July/August-21. This led to growth of 8% YoY in Q2 FY22, against 20.4% YoY in Q1 FY22.
This was driven by moderation in investment and consumption activity during the quarter.
Total consumption remained stable at ~10% on account of 61.8% YoY growth in government spending in Sep-21. Private consumption, in fact, grew at the three-month slowest pace of 6.3% YoY in Sep-21.
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