NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Key highlights:
Motilal Oswal anticipates that Q3 FY26, the first full quarter under the new GST rate cuts, will positively surprise consensus growth expectations. The brokerage project 8.5% YoY growth for Q3 FY26, following +8.1% YoY in Q2 FY26.
Consequently, Motilal Oswal projects FY26 real GDP to print close to 7.8% (surpassing the government's 7.4% estimate and well above the 6.5% level achieved in FY25). Looking ahead, brokerage's base case for FY27 GDP stands at 7.5%, driven primarily by the services sector (trade, travel, BFSI, healthcare).
Excluding the FY25 slip to 6.5%, India has consistently clocked above 7% real GDP growth post-2020. This trajectory suggests India is steadily progressing toward an aspirational 8%+ growth rate. Meanwhile, CPI inflation is projected to remain anchored in the 4.0–4.5% range. This got validated by the January Economic Survey upgrading potential growth to 7%. With inflation anchored and growth strong, Motilal Oswal do not see any rate cuts throughout FY27.
Click on the attachment to read the full report:
ALSO READ: Kaynes To Dixon: Motilal Oswal Lists Six Stocks To Buy In EMS Pack — Full List Inside
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
