India’s Economic Activity Sustains Momentum In November, Expect Real GDP Growth In Q3 FY21: Motilal Oswal  
People wearing protective masks walk past a woman carrying a basket on her head at a vegetable market in Boisar, Maharashtra, India (Photographer Dhiraj Singh/Bloomberg)

India’s Economic Activity Sustains Momentum In November, Expect Real GDP Growth In Q3 FY21: 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) 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.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope 070121.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.