Hello Fellow Marketeers,
Taking a cue from the picture above, we can’t quite decide whether it’s sunrise in the Indian Economy or sunset, what with the repeal of the economically-progressive farm laws and the looming threat of communalism. The numbers below reflect this dichotomy.
The GST collections, the consumer confidence index, the manufacturing and services PMIs are burgeoning. The formerly surging Sensex, auto sales, exports, imports, and air travel numbers flattened out. Fortunately, so did inflation. The drop in construction and manufacturing output growth coupled with an increase in the unemployment rate (despite all the sarkari spending) points towards a twilight situation.
It’s a critical phase, and we pray that our India has enough good karma to come out a winner!