MOSL: ECOSCOPE-Real GDP growth at decade-low in 2QFY20; Could weaken further to ~4% this quarter
ECOSCOPE: Real GDP growth at decade-low in 2QFY20; Could weaken further to ~4% this quarter
- Real GVA/GDP grew 4.3%/4.5% YoY in 2QFY20, exactly in line with our estimate. Nominal GDP growth stood at 6.3% -the lowest since 4QFY09.
- Weakness in real GDP growth was entirely driven by investment, as consumption increased during the quarter led by both private and government consumption. Notably, external trade fared well in 2QFY20 as the decline in imports was much steeper than exports.
- Lower GVA growth is attributable to a slump in industrial activity, as both agriculture and services sector growth was largely flat.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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