(with data from Dec '22)
Our friends in North India tell us that it's been a winter to remember! The temperature in the Rajdhani dropped to 1.4 degrees Celsius and the woollen apparel industry, reeling from the onslaught of warm winters past, rebounded!
They're not the only people who did well... The government continued to mop up massive GST (1.49 lakh crores). the net equity inflow saw an upswing in its roller coaster ride (73k cr), and Forex reserves were up by $12bn. Critically, Manufacturing and Services PMIs were significantly up, as were the Construction output and Manufacturing production growth numbers. Airline flights were fuller too! What's not hot was the auto industry. 4W and 2W sales were down, as was production. As was employment. Linked, right?
Happy to be a citizen of a healthy republic!
Team Insights @Laqshya Media Group