India’s Economic Recovery Weakens Substantially In February: Motilal Oswal

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 for India’s real gross value added (called EAI-GVA) posted a growth of just 0.5% YoY in February 2021, the weakest in the past six months as against up 4% in January 2021.

The slower growth was largely driven by the non-farm sector, with Industrial activity posting its first fall in six months and the services sector growing just 0.5% in February 2021.

The agricultural sector grew 5.1% YoY in February 2021, the slowest in four months, but reasonably decent.

EAI-gross domestic product declined 7.8% YoY in February 2021, the fastest pace in four months versus a contraction of 5% YoY in January 2021.

Click on the attachment to read the full report:

DISCLAIMER

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 author entity 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.