December sort of crept up on most of us, didn't it? And with it, like the winters in Mumbai (warm days/cool evenings), came up with a lot of perplexing data. It's interesting to note how some movements lead the economy while others follow it.
So, GST collection continued at its peak, net equity inflows more than doubled from the previous month, contributions to the GDP by manufacturing, public admin and utilities continued to ascend, the consumer confidence index exuded confidence, the manufacturing and Services PMIs help strong. Airports were swarming with flights and passenger, and the roads with new two wheelers!
For well-known reasons the auto-manufacturers downed their gears. An expanded base effect
caught up with construction and production output growth, exports got a touch of seasickness
and inflaction started creeping up.
Kabhi Khushi Kabhi Gham!
See you again in the new year!