India’s Economic Recovery Weakens Substantially In February: Motilal Oswal
An auto-rickshaw passenger waits in traffic in Amnour, Bihar, India. (Photographer: Prashanth Vishwanathan/Bloomberg).

India’s Economic Recovery Weakens Substantially In February: 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 for India’s real gross value added (called EAI-GVA) posted a growth of just 0.5% YoY in February 2021, the weakest in the past six months as against up 4% in January 2021.

The slower growth was largely driven by the non-farm sector, with Industrial activity posting its first fall in six months and the services sector growing just 0.5% in February 2021.

The agricultural sector grew 5.1% YoY in February 2021, the slowest in four months, but reasonably decent.

EAI-gross domestic product declined 7.8% YoY in February 2021, the fastest pace in four months versus a contraction of 5% YoY in January 2021.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope 060421.pdf

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