India’s Economic Activity Grows In Double Digits In March: 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
Our in-house Economic Activity Index (EAI) for India’s real gross value added (called EAI-GVA) posted double-digit growth of 15.3% YoY in March 2021, supported by a contraction of 7% in March 2020.
Adjusted for the base effect, EAI-GVA grew 4.2% in March 2021, lower than more than 6% growth in pre-Covid-19 months.
This further implies that EAI-GVA increased 6% YoY in Q4 FY21, only moderately better than 5% YoY growth in Q3 FY21.
Farm and industrial activity increased 20% and 30% YoY, respectively, while the services sector grew 8.7% YoY in March 2021.
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.