BUSINESS
Chart of the Day: Take the year-on-year core sector growth figures with a large dose of salt
The month-on-month growth data tell a completely different story--the core sector shrank in February from a month ago by a sizeable 4.9 percent
BUSINESS
The intriguing maths behind India's improved current account position
A lower current account deficit implies domestic savings must have gone up, and at a faster rate than investment
BUSINESS
What the Hurun Rich list tells us
The rapid increase in the wealth share of the very richest segment of the population in India is the reason for the proliferation of Indian billionaires
BUSINESS
India’s Flash PMI for March shows growth accelerating
The PMIs show higher growth in the March quarter, both compared to the previous quarter as well as the year-ago period. That augurs well for corporate performance in the March 2024 quarter and provides fundamental support to the equity market
BUSINESS
HDR report: India has high inequality, but that doesn’t matter
India’s rank in the Human Development Index (HDI) is a lowly 134, but it’s even lower, at 140, when the index is adjusted for inequality
BUSINESS
Fund managers bullish on global growth
The median real GDP growth estimate for the US economy has been upped from 1.4 percent for 2024 and 1.8 percent for 2025 at the FOMC’s December 2023 meeting to 2.1 percent growth for 2024 and 2 percent growth for 2025 at the Wednesday meet
BUSINESS
A tale of two inflations
Inflation continues to be persistent both in India and in the US, but the reasons are different
BUSINESS
IIP numbers paint a very different picture from upbeat GDP data
If the IIP numbers are right, the production of consumer durables in January 2024 was lower than six years ago
BUSINESS
Moneycontrol Pro Panorama | Jaw-dropping growth
In this edition of Moneycontrol Pro Panorama: Q3 FY24 GDP data an acceleration or slowdown, small cap stocks on regulatory radar, school education needs radical new approach, this jewellery maker is set to glitter, and more
BUSINESS
What to look for in the Q3 GDP numbers
The most important thing to look for is whether there has been an improvement in private consumption
BUSINESS
The secret behind premiumisation, revealed by the Household Consumer Expenditure Survey
The top 5 percent of the urban population accounted for 21.7 percent of the increase in urban consumption between 2011-12 and 2022-23, a category that is driving demand for premium goods and services
BUSINESS
A profile of the seriously weird average Indian consumer, from the Household Consumer Expenditure Survey
We have a picture of the average Indian consumer grabbing a carton of milk in the morning before riding long distances to work, gorging on vada pav and snacks for lunch, washed down with a cold drink, dropping in to buy a toaster or microwave on the way back to her hovel, and ordering cooked meals for dinner while carefully avoiding the dal and vegetables and putting up her feet while knocking back a peg or two of the local hooch
BUSINESS
Household Consumption Expenditure Survey 2022-23: Decoding who consumes how much
In urban India, the top 10 percent account for a quarter of all consumption
BUSINESS
Has Berkshire Hathaway become too big to grow?
'Size did us in', writes Buffett, meaning that Berkshire Hathaway, finding wonderful businesses that can add meaningful value to the firms is a problem
BUSINESS
Flash PMI for February shows best of both worlds for India
The Flash Composite PMI came in at a 7-month high while inflation in input costs as well as selling prices is very low
BUSINESS
The Green Pivot | Wall Street gets cold feet on ESG as politics plays spoilsport
The principal argument employed by those against ESG investing is that it diverges from the fiduciary duty of asset managers to ensure the best possible returns for investors
BUSINESS
Rate cuts unlikely until RBI sees inflation stable at 4 percent
Report by RBI researchers exhorts the corporate sector to get its act together to relieve the government of heavy lifting on capex and take advantage of lower borrowing costs to increase capital expenditure
BUSINESS
Farmers’ protests: What do the economic data say?
There is no alternative to moving people out of farming into more productive occupations
BUSINESS
Does the consumption of the poor really matter?
Overall growth in private consumption has been strong even in years that saw a shrinkage in real rural wages
BUSINESS
Saare Jahaan Se Achcha, PMI Hamara
While growth has picked up, that hasn’t been accompanied by higher selling price inflation. That should provide comfort to the RBI’s Monetary Policy Committee at its meeting this week
BUSINESS
What budget allocations tell us about the government’s spending priorities
There has been a decisive shift in favour of infrastructure building and capex, instead of emphasis on social sectors and subsidies during the UPA years
BUSINESS
Are central government finances now in better shape than before the pandemic?
While there has been an increase in tax receipts as a percentage of GDP compared to pre-pandemic levels, higher levels of government spending are keeping the fiscal deficit high
BUSINESS
Seven key takeaways from the Interim Budget 2024
What are the signals from the Interim Budget? What strategy does the government have in pruning the fiscal deficit? Why is the onus on the private sector now?
BUSINESS
The Story between Budgets: Nirmala Sitharaman's remarkable fiscal achievements
The finance minister's note-worthy accomplishment lies in elevating capital expenditure to enhance the nation's infrastructure, with central government capex surging from 1.6 percent of GDP in 2018-19 to an estimated 3.4 percent in the current fiscal year
