BUSINESS
Moneycontrol Pro Weekender | Don’t worry, be happy
No doubt there are challenges on the horizon, but the Indian economy on a relative basis is shining
BUSINESS
Key questions -- and answers -- to make sense of Q1 GDP data
The Compounded Annual Growth Rate (CAGR) of real GDP between June 2019 and June 2023 is 3.2 percent
BUSINESS
Which sector will drive Q1 GDP growth? RBI data on corporate results provide clues
The RBI data show a clear demarcation between the manufacturing and services sectors. While aggregate operating profits fell 0.9 percent year-on-year for manufacturing firms, they increased by 37.3 percent for services firms
BUSINESS
ECB president quotes Kierkegaard at Jackson Hole to warn of policy risks
Christine Lagarde said in the medium-term a combination of higher investment needs and greater supply constraints is likely to lead to stronger price pressures
BUSINESS
Moneycontrol Pro Weekender: The times they are a-changin’
The Global South, at the receiving end of the tender mercies of Western civilisation for centuries, has finally stood up
BUSINESS
Lower flash PMIs pull down US bond yields, spark stock market rally
The flash PMI survey for August shows that the service sector-led acceleration of growth in the advanced Western economies has faded
BUSINESS
UBS Global Wealth Report poses tough questions on inclusive growth claims
In 2022, the share of the richest 1 percent was 40.4 percent of the nation’s wealth, while the richest tenth of the population owned 72.5 percent. In contrast, the share of the poorer half of the Indian populace was a measly 2.9 percent
BUSINESS
Food inflation: This too shall pass, but consumption will slow
While year-on-year core inflation came down in July, month-on-month core inflation went up
BUSINESS
Jaw-dropping numbers from the Index of Industrial Production
Twelve out of the 23 manufacturing industries that make up the IIP are at levels lower than 7 years ago
BUSINESS
Moneycontrol Pro Panorama | MPC Decision: Salad Days
In today’s edition of Moneycontrol Pro Panorama: India Inc records rising cash flows, signs of moderation visible in banking sector, healthcare service providers under the weather, Go First needs a change in strategy for revival plans, and more
BUSINESS
Indian manufacturing one of the star performers globally, PMI numbers show
The forthcoming Monetary Policy Committee meeting will have to take into account both the strength of the manufacturing PMI for July and the inflationary pressures
BUSINESS
Why financial conditions remain loose despite rate hikes
Loose financial conditions have cushioned the US economy, so much so that its GDP rose at an annual rate of 2.4 percent in the June 2023 quarter, compared to 2 percent in the March quarter. Whatever happened to the recession?
BUSINESS
Is the market in for a painful adjustment? US Fed researcher says yes
Exceptionally good stock returns of the past 30 years are at risk, as two major contributing factors are no longer in place
BUSINESS
Rate decisions loom, and flash PMIs have a message for central banks, markets
For the Fed, the problem is that inflation in the services sector remains high on account of wage pressures, despite a slowing economy
BUSINESS
Will Jerome Powell derail the ‘Immaculate Disinflation’ narrative?
The Federal Open Market Committee meeting this week is very important, as it will tell us whether the Fed has finally changed its stance on inflation, or whether it pushes back against the market narrative
BUSINESS
The good, the bad and the beautiful in the Indian and US inflation prints
While food inflation has gone up in India, core inflation is lower, while in the US the chances of an Immaculate Disinflation have improved, propelling markets higher
BUSINESS
The ideology of inflation: Many questions beg for an answer
Who benefits from inflation? Who loses? These questions are at the heart of the debate on how to bring down inflation
BUSINESS
Demolishing the house that Mahalanobis built
A recent paper published by the Carnegie Endowment for International Peace is an excellent account of the malaise that has gripped the nation’s statistical system
BUSINESS
India PMI: Selling price inflation accelerates to strongest in over a decade
The strong growth momentum, combined with pricing power, should expand corporate margins, which will be welcomed by the markets
BUSINESS
Economic agenda of the BJP government: Spending pattern has all the pointers
The biggest changes in the proportion of total spending have been, as expected, in the infrastructure ministries
BUSINESS
India’s manufacturing PMI strongest in Asia, but it also signals higher core inflation
For the economy, one important takeaway from the tepid Chinese PMI manufacturing numbers is that input cost inflation will remain low. That should help commodity importers such as India
BUSINESS
What the Fed’s new financial conditions index is telling us
US financial conditions are currently estimated to be a drag on GDP growth of roughly 75 basis points over the next year
BUSINESS
High demand for work under MGNREGA in June raises questions on rural consumption
Demand for work under the rural employment guarantee scheme this fiscal year till June has been much higher than the same period last year, pointing to rural distress
BUSINESS
Financial knowledge is not the problem in India, but financial attitude is
A study by RBI researchers finds that while Indians score well in financial knowledge and behaviour, their financial attitude scores are terrible
