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

Motilal Oswal: Probability Of Upgrades Rising; Expect Real GDP To Decline Only Approximately 5% In Q2 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 gross value added (called EAI-GVA) posted growth of 2.2% YoY for the first time in seven months in September 2020, following decline of 2.2% YoY in August 2020.

This implies EAI-GVA shrank just 1.7% YoY in Q2 FY21 versus -18% YoY in Q1 FY21.

Industrial activity contracted marginally (by 0.7% YoY), while the services sector grew 3.1% YoY (for the first time in six months) in September 2020.

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Motilal Oswal Ecoscope 031120.pdf

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