(with data from Feb '23)
The hottest recorded February for India. Nothing could highlight more our need for reducing our carbon footprint. Not an easy task when the economy is banking on the manufacturing sector in the near future.
The growth recorded in Manufacturing production (3.7%) and Construction output (a massive 7.8%) bear testimony to the nation's efforts to grow. The spurt in the services PMI (a sharp 59.4) is the other good news!
Most other indices were stable but, courtesy the US Fed's hawkish stance, net equity inflow has languished for 2 months, and the Sensex reflects that. Thanks to the RBI, however, Inflation is down. As is unemployment. Yeah RBI! As we march on to April, will the weather Gods be kind to our critical Kharif crop?
Wish you a very happy new financial year. Your P&L starts now!
Team Insights @Laqshya Media Group