Scan-shot
September
2024
(with data from Aug '23)
With the June 2024 elections over and results announced, the Indian economy seems to be ready for its next big act. GST collections remained steady at INR 1.74 lakh crore, signalling robust consumption. The Sensex soared to 79,033, reflecting investor optimism. Despite the election frenzy, net equity inflows surged to INR 40.6 thousand crore. Unemployment nudged up to 8.1%, a slight concern, while inflation held firm at around 4.83%. As the political dust settles, these indices suggest a cautiously optimistic economic outlook, setting the stage for India's next growth chapter.
Team Insights @Laqshya Media Group
What you see above is India's towering achievement in Space Exploration. The PSLVC57 launch vehicle launched the Aditya L1 - the first space based Indian mission to study the Sun. This flight of 63 minutes and 20 seconds placed India in the highest echelons of nations. The economy wasn't far behind, given that August is generally a quiet month thanks to the monsoon sweeping across the country. Blistering performances by both the PMIs, Construction and Manufacturing output growth ensured that the GST collections hovered around the 1.6 lakh crore mark. And 4-month highs in auto production and sales kept the speed high.
The festive season is around the corner. Watch this space for more!
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
