Motilal Oswal: India’s Economic Activity Continued To Improve In October; Expect Real GDP To Decline 1-2% YoY In Q3 FY21
A person holds a one hundred rupee note at a market stall in Mumbai. (Dhiraj Singh/Bloomberg)

Motilal Oswal: India’s Economic Activity Continued To Improve In October; Expect Real GDP To Decline 1-2% YoY In Q3 FY21

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Motilal Oswal Report

Our in-house Economic Activity Index (EAI) for India’s real gross value added (called EAI-GVA) grew 4.8% YoY in October 2020, marking the second consecutive growth, following an increase of 2.2% YoY in September 2020.

This is the first month in a year when non-farm activities (both industrial and services) grew faster than the farm sector.

However, EAI-gross domestic product index (our in-house measure of official GDP) continued to contract for the eight successive month – down 9% YoY in October 2020, following a contraction of 8.1% in the previous month.

Click on the attachment to read the full report:

Motilal Oswal Economy Update 031220.pdf

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