India’s Economic Recovery Loses Sheen In December: Motilal Oswal 
An auto rickshaw driver waits for customers on Dahanu Road in Kainad, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

India’s Economic Recovery Loses Sheen In December: 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 (GVA; called EAI-GVA) posted slower growth of 3.9% YoY in December 2020, versus 5.1%/6.3% YoY growth in November 2020/October 2020.

Consequently, EAI-GVA grew 5.1% YoY in Q3 FY21 after two consecutive declines of 17.6% and 2.1% YoY in Q1 FY21 and Q2 FY21, respectively.

Slower growth in Dec-20 was due to moderation in the services and farm sectors, while industrial activity appears to have performed relatively better.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope 040221.pdf

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