The Indian Economic 
Scan-shot 

February

2023

(with data from Jan '23)


The Q3 data is here! And like the beautiful but compact Q3 from Audi, the results are 'wholesome'! The economy grew in Q3 after flat Q1 and Q2. GDP contributions from Public Admin and Utilities stood out; Consumer spending was up as well.

On to the monthly numbers: we have had an A8 month (to continue with the Audi analogy). The GST collection was a massive total of Rs. 15,50,00,00,00,000 in January 2023. That's 1.55 lakh crore rupees. Well begun is half done?

Consumer Confidence in India is not waning. It nearly touched 85! The service and manufacturing PMIs stayed comfortably above 55, construction output grew 7.4% and Auto production and sales grew after a bit of a decline (still far from the peak though!). Air travel grew too. Equity inflow dropped, expectedly, and inflation remained high. An eventful month by any standard!


Cheers,

Team Insight



Economic Indices


GDP Annual Growth Rate
(%)

GDP from Agriculture
(INR Bn)


GDP From Construction
(INR Bn)

GDP from Manufacturing
(INR Bn)


GDP from Mining
(INR Bn)

GDP from Public
Administration
(INR Bn)


GDP from Utilities
(INR Bn)

GST Collection[1]
(INR '000 Cr)


Equity Inflow[2]
(INR '000 Cr)

Sensex[3]



Exports[4]
(US$ Bn)

Imports[5]
(US$ Bn)


Consumer Confidence Index[6]


Consumer Spending
(INR Bn)


Forex Reserves[7]
(US$ Bn)

Unemployment Rate[8] (%)

7.77
8
8.3
7.14
Oct
Nov
Dec
Jan

Inflation Rate[9] (%)

6.77
5.88
5.72
6.52
Oct
Nov
Dec
Jan

Manufacturing PMI[10]

Services PMI[11]


Construction Output Growth[12]
(%)

Manufacturing Production YoY
Growth
[13] (%)


Auto Production & Domestic
Sales
[14] (Lakh Units)

Passenger Vehicle Sales[15]
(Lakh Units)


Domestic Flights[16]
('000)

Domestic Passengers[17]
('000)





1][2][3][4][5][6] MOSPI
[7] GST Council
[8] AMFI
[9][10] Ministry of
commerce and Industry
[11] BSC
[12][13] RBI
[14] MOSPI
[15] CMIE
[16] MOSPI
[17][18] Markit
Economics
[19] Office of the
economic adviser
[20] MOSPI
[21] SIAM
[22] FADA
[23][24] AAI