Motilal Oswal: BRICS+ Q3 CY20 - India Vis-A-Vis Other Emerging Markets
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Motilal Oswal Report
After an abysmal H1, the global economy has seen a turnaround in Q3 CY20.
While only limited data is available post-June 2020, improvement is visible almost everywhere (quite obviously, as we are unlikely to see a repeat of H1 CY20).
Investors’ Macro Ratings Index deteriorated the most in India in H1 CY20, while it was the least affected in Taiwan.
While the Reserve Bank of India has expanded its balance sheet the most versus counterparts in other emerging markets, broad money supply growth does not show any extraordinary increase.
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