Scan-shot
August
2024
(with data from July '24)
In July 2024, India's economy delivered a blockbuster performance with the Sensex soaring past 81,000, reflecting post-election optimism. GST collections rose to INR 1.82 lakh crore, signalling strong economic activity. However, the plot thickened with unemployment still high at 7.9%, and exports dropping to $33.97 billion, hinting at global challenges. Inflation's dramatic dip to 3.54% was a welcome twist, while forex reserves climbed to $667 billion, bolstering economic stability. Despite a slight slowdown in manufacturing and services, and a cautious consumer sentiment, the rise in vehicle sales showcased resilient domestic demand. As we move into August, the stage is set for more economic drama.
Team Insights @Laqshya Media Group
In July 2024, India's economy delivered a blockbuster performance with the Sensex soaring past 81,000, reflecting post-election optimism. GST collections rose to INR 1.82 lakh crore, signalling strong economic activity. However, the plot thickened with unemployment still high at 7.9%, and exports dropping to $33.97 billion, hinting at global challenges. Inflation's dramatic dip to 3.54% was a welcome twist, while forex reserves climbed to $667 billion, bolstering economic stability. Despite a slight slowdown in manufacturing and services, and a cautious consumer sentiment, the rise in vehicle sales showcased resilient domestic demand. As we move into August, the stage is set for more economic drama.
Team Insights @Laqshya Media Group
Economic Indices
GST
Collection[1]
(INR '000 Cr)
Net Equity
Inflow[2]
(INR '000 Cr)
Exports[3]
(US$ Bn)
Imports[4]
(US$ Bn)
Sensex[5]
Consumer Confidence Index[6]
Forex
Reserves[7]
(US$ Bn)
Unemployment Rate[8] (%)
Inflation Rate[9] (%)
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)
[2] AMFI
[3][4] Ministry of commerce and Industry
[5] BSE [6][7] RBI
[9] MOSPI
[10][11] Markit Economics
[12] Office of the economic adviser
[14] SIAM
[15] Auto Pundits
[16] [17] AAI
