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 (EAI) for India’s real gross added (called EAI-GVA) grew for the third consecutive month - albeit slower by 5.2% YoY in November 2020 - following 6% growth in the previous month.
Growth in the farm sector once again surpassed growth in the non-farm sector in Nov-20.
However, the EAI-GDP index (our in-house measure of official gross domestic product) contracted just 4.2% YoY in Nov-20, following decline of 8.1% in October 2020.
Slower decline was largely attributable to 47% YoY growth in government consumption expenditure (GCE).
Excluding GCE, EAI-GDP contracted 5.9% YoY in Nov-20 versus a fall of 6.6% YoY in Oct-20.
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