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