The end of another quarter brings some goods news and, as always, a few challenges!
The challenges first: Faltering exports and rising imports that can slow the economy, uncertain weather and incorrigible neighbours.
The good news next: The IMF continued with its forecast of 9.5% for India's GDP this year after contracting 7.3% last year. The Sensex went lofty, and even the equanimous Nifty seemed as convinced. Consumer confidence cantered and unemployment and inflation decelerated, despite 'fuel'. Auto production and sales continued to cruise even as personal vehicle sales slowed down after the high of pent-up demand-realization in June. The airports are humming again with 20% more flights and 30% more passengers. The roads too reflect these numbers - they're back to FULL!
Will these numbers continue to soar? Will this festive season help us forget the pandemic? Even as we write this, Mumbai recorded the first zero-Covid death day since March 2020. What we must never forget is the spirit of our healthcare fraternity. Once again, our gratitude!