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Motilal Oswal Report
Preliminary estimates indicate Economic Activity Index for India’s real gross added posted a 12-month high growth of 18.7% YoY in May’22 versus 8.6% YoY in April 2022.
This marked improvement was driven by strong growth in the farm and non-farm sectors during the month. Additionally, even EAI-GDP clocked a strong 14.6% YoY growth in May 2022 propelled by faster growth in both consumption and investment.
EAI-GVA details suggest that the farm sector grew 9% YoY in May-22 (versus 7.5% YoY in April 2022).
Besides, even the non-farm sector grew at a 12-month high of 20.5% YoY, fueled by faster growth in both services and industrial activities.
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