Scan-shot
October
2024
(with data from September '24)
In October 2024, with data reflecting September's numbers, the Indian economy showcased a resilient but cautious stance. The Sensex hovered near its high at 82,365, capturing market optimism, while GST collections held steady at INR 1.75 lakh crore. Unemployment nudged down to 7.8%, but inflation saw an uptick to 5.49%, suggesting price pressures that may demand attention.
India's forex reserves strengthened to $683 billion, reinforcing economic stability as imports grew, signaling strong domestic demand. Services PMI outperformed at 60.9, continuing to reflect growth, while manufacturing PMI remained solid at 57.5, highlighting India's balanced growth in these sectors.
Passenger vehicle sales showed cautious optimism, while construction and manufacturing growth were steady yet unspectacular. Overall, October's data reveals an economy firmly rooted in resilience, moving forward with a mix of confidence and caution as it adapts to domestic and global shifts.
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
