Motilal Oswal: India’s Economic Activity Continued To Improve In October; Expect Real GDP To Decline 1-2% YoY In Q3 FY21

Motilal Oswal: India’s Economic Activity Continued To Improve In October; Expect Real GDP To Decline 1-2% YoY In Q3 FY21

A person holds a one hundred rupee note at a market stall in Mumbai. (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 (EAI) for India’s real gross added (called EAI-GVA) grew 4.8% YoY in October 2020, marking the second consecutive growth, following an increase of 2.2% YoY in September 2020.

This is the first month in a year when non-farm activities (both industrial and services) grew faster than the farm sector.

However, EAI-gross domestic product index (our in-house measure of official GDP) continued to contract for the eight successive month – down 9% YoY in October 2020, following a contraction of 8.1% in the previous month.

Click on the attachment to read the full report:

Motilal Oswal Economy Update 031220.pdf
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