India Economy Watch - April Brings Unseen Mathematical Problem: Motilal Oswal
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
What happens when a non-zero integer is divided by zero? It returns '#Div/0!' in excel – meaning undefined. This is what defined April 2021.
With lockdowns in the nation at their peak, several indicators – such as passenger traffic, foreign tourist arrivals, and auto sales – witnessed no activity in April 2020.
As a result, it is mathematically impossible to estimate year-on-year economic growth for April.
Many other indicators – such as steel/coal/cement production, tractor sales, fuel sales, and index of industrial production for capital goods – showed growth of several hundred percentage points in April.
Consequently, we have failed to produce an estimate for our in-house Economic Activity Index for India in April.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.