The Indian Economic 
Scan-shot 

May

2023

(with data from April '23)

Is the Indian economy on the Good, Strong, Smooth steel rails?

Opinions are welcome on some well-known facts that may have another side to the story:

  1. 1. The government collected a record Rs.1.87 lakh crores GST
  2. 2. There was a net equity inflow of ~Rs.65k crores and the Sensex bounced back to 61k+.
  3. 3. Consumer Confidence Index continued its relentless climb to 87 in March and Q4 Consumer spending was up 13% from Q2.
  4. 4. Manufacturing and Services PMI touched 12-month highs.
  5. 5. And yet, GDP in Q4 dropped to the lowest over the last 4 Qs. Contributions from Construction, Manufacturing, Mining and Utilities flattened or dropped. Unemployment ballooned. Passenger Vehicle sales dropped to 4-month lows.

Team Insights @Laqshya Media Group


Economic Indices


GDP Annual Growth Rate
(%)

GDP from Agriculture
(INR Bn)


GDP From Construction
(INR Bn)

GDP from Manufacturing
(INR Bn)


GDP from Mining
(INR Bn)

GDP from Public
Administration (INR Bn)


GDP from Utilities
(INR Bn)

GST Collection[1]
(INR '000 Cr)


Equity Inflow[2]
(INR '000 Cr)

Sensex[3]



Exports[4]
(US$ Bn)

Imports[5]
(US$ Bn)


Consumer Confidence Index[6]


Consumer Spending
(INR Bn)


Forex Reserves[7]
(US$ Bn)

Unemployment Rate[8] (%)

7.14
7.45
7.8
8.11
Jan
Feb
Mar
Apr

Inflation Rate[9] (%)

6.52
6.44
5.66
4.7
Jan
Feb
Mar
Apr

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)




1][2][3][4][5][6] MOSPI
[7] GST Council
[8] AMFI
[9][10] Ministry of
commerce and Industry
[11] BSC
[12][13] RBI
[14] MOSPI
[15] CMIE
[16] MOSPI
[17][18] Markit
Economics
[19] Office of the
economic adviser
[20] MOSPI
[21] SIAM
[22] FADA
[23][24] AAI