India's Economic Activity Grows Slowly In Oct; Expect Q3 FY23 Real GDP Growth At ~4.5% YoY: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Preliminary estimates indicate India’s economic activity index for gross value added grew at a seven-month low pace of 6.4% YoY in Oct-22 versus 9.3%/4.5% YoY in Sep-22/Oct-21, respectively. The slowdown was due to moderate growth in both farm as well as non-farm sectors. Similarly, EAI-gross domestic product too inched up by only 5.1% YoY in Oct-22 as against 8.6%/4.8% YoY in Sep-22/Oct-21, respectively. This was due to a deceleration in investments growth and 5.4% negative contribution by external trade during the month. Consumption, on the other hand, grew at a five-month high pace of 10.4% YoY in Oct-22 from 5.7% YoY in Sep-22. A large part of this growth was led by fiscal spending but even after excluding government expenditure, private consumption grew at a four-month high of 5.2% YoY in Oct-22 versus 3.1% YoY a month ago.Notably, government spending has aided economic activity tremendously in Oct-22. Excluding government spending, EAI-GDP would have actually contracted 0.4% and EAI-GVA would have grown by only 5.1% YoY in Oct-22. A monthly analysis of selected indicators for Nov-22 suggests slightly better trends..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India's Economic Activity Grows Slowly In Oct; Expect Q3 FY23 Real GDP Growth At ~4.5% YoY: Motilal Oswal

Preliminary estimates indicate India’s EAI for gross value added grew at a seven-month low pace of 6.4% YoY in Oct-22.

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