Scan-shot
December
2024
(with data from Nov '24)
October
2024
(with data from September '24)
India's economic indicators for November 2024 paint a mixed picture, reflecting stability in some areas and challenges in others. The unemployment rate saw a sharp rise to 10.1% from 8% in October, signaling pressures in the labor market and a need for greater focus on high-growth industries such as technology, manufacturing, and green energy.
Inflation, meanwhile, remained steady at 5.48%, providing some relief amidst rising unemployment. While this stability is encouraging, its sustained impact on household budgets emphasizes the need for balanced fiscal and monetary policies to support economic resilience.
Strategic insights from key players, including the GST Council and the Ministry of Commerce and Industry, highlight the importance of coordinated action. Collaboration between government entities and private stakeholders will be crucial for fostering long-term growth and stability.
As we close 2024, addressing unemployment while leveraging inflation stability to attract investments and boost consumer confidence will be essential. With a united and strategic approach, the path toward inclusive and sustainable development is achievable.
Wishing everyone a prosperous and Happy New Year as we look forward to a brighter and more dynamic 2025!
Team Insights @Laqshya Media Group
Yuvrraj Agarwaal
(Chief Strategy Officer)
In August 2024, the Indian economy continued its dynamic journey, with several key indicators showcasing mixed but largely positive trends. The Sensex climbed to a new high of 82,365, reflecting strong market sentiment, while GST collections remained healthy at INR 1.75 lakh crore, though slightly down from July's figure. Forex reserves reached a robust $683 billion, providing a buffer against external shocks, as imports surged to $64.36 billion, a sign of rising domestic demand.
Team Insights @Laqshya Media Group
Economic Indices
GST Collection[1]
(INR '000 Cr)
Net Equity Inflow[2]
(INR '000 Cr)
Exports[3]
(US$ 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
