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Motilal Oswal: Probability Of Upgrades Rising; Expect Real GDP To Decline Only Approximately 5% In Q2 FY21

India’s industrial activity contracted marginally and services sector grew for the first time in six months in September 2020.

A vendor and a customer count Indian rupee banknotes at a flower stall at the Krishna Rajendra Market, also known as K.R. Market, in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)
A vendor and a customer count Indian rupee banknotes at a flower stall at the Krishna Rajendra Market, also known as K.R. Market, in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)
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