TURNING THE TIDE
Beyond Market|November 2023
INTERNATIONAL AGENCIES' PROJECTIONS OF HIGHER GDP GROWTH HAVE INSTILLED RENEWED CONFIDENCE IN FY24
TURNING THE TIDE

The country's retail inflation moved southward to a four-month low of 4.87% in October as against 5.02% in the previous month of September.

Retail inflation or Consumer Price Index (CPI)-based inflation in October was below the Reserve Bank of India's upper tolerance band of 4% to 6% for a second consecutive month.

The Reserve Bank's Monetary Policy Committee (MPC) in its October meeting projected CPI inflation at 5.4% for 2023-24, down from the 6.7% in 2022-23.

The Reserve Bank of India (RBI) which is the country's central bank mainly factors in retail inflation while arriving at its bi-monthly monetary policy. It has kept its key lending rate (the repo rate) steady for a fourth consecutive policy meeting and has said that it remains focused on bringing inflation close to the target of 4%.

The repo rate presently stands at 6.50%. Repo rate is the rate at which the central bank of a country (in India, it is the Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds.

India's Factory Output Growth Declines in September

India's factory output growth declined to a three-month low of 5.8% in September this year from the double-digit 10.34% registered in the previous month of August. The slide has been attributed to slower activities in manufacturing, mining and electricity sectors.

While the growth in August was a 14-month high, factory output moved northward by 6.03% in the previous month of July. The growth in the Index of Industrial Production (IIP) slid during September after two-months of expansion.

Last year in September '22, factory output growth stood at 3.3%.

"The growth rates over the corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of Covid-19 pandemic since March '20," an official statement from the government said.

Esta historia es de la edición November 2023 de Beyond Market.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición November 2023 de Beyond Market.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BEYOND MARKETVer todo
THE REEL GAMECHANGER
Beyond Market

THE REEL GAMECHANGER

AI is streamlining filmmaking - faster cuts, lower costs, and no drama (except on screen)

time-read
4 minutos  |
February, 2025
DODGING DIPS, CHASING PEAKS
Beyond Market

DODGING DIPS, CHASING PEAKS

MULTI-ASSET ALLOCATION FUNDS JUGGLE RISK AND REWARD, KEEPING PORTFOLIOS STEADY WHEN MARKETS WOBBLE AND SEIZING GAINS WHEN THEY RISE

time-read
3 minutos  |
February, 2025
MARGIN OF SAFETY: A SHIELD AGAINST MARKET MADNESS
Beyond Market

MARGIN OF SAFETY: A SHIELD AGAINST MARKET MADNESS

Seth Klarman's Margin of Safety is a masterclass in investing wisely, where patience, independent thinking, and a margin of safety shield investors from market mayhem

time-read
5 minutos  |
February, 2025
BUDGET'S CONSUMPTION PIVOT
Beyond Market

BUDGET'S CONSUMPTION PIVOT

The Union Budget FY26 has set the stage for a transition from state-driven infrastructure spending to a model where rising household consumption would kick-start private capex cycle

time-read
6 minutos  |
February, 2025
Beyond Market

MOUNTING CHALLENGES

India's economic momentum is slowing due to various factors, leading to a revision of growth estimates by IMF

time-read
6 minutos  |
February, 2025
IMPORTANT JARGON
Beyond Market

IMPORTANT JARGON

A PRE-LISTING TRADING PLATFORM IN WORKS TO CURB GREY MARKET

time-read
3 minutos  |
February, 2025
CRACKING THE CREDIT SCORE CODE
Beyond Market

CRACKING THE CREDIT SCORE CODE

Understanding how lenders decode credit scores can help shape loan terms and pave the way for smarter financial decisions

time-read
7 minutos  |
February, 2025
HYPE, HOPE, OR A SOLID BET?
Beyond Market

HYPE, HOPE, OR A SOLID BET?

NFOs open new investment opportunities, but careful evaluation is key to ensuring they align with both financial goals and market realities

time-read
5 minutos  |
February, 2025
SHRINKING MARGINS, RISING PRESSURES
Beyond Market

SHRINKING MARGINS, RISING PRESSURES

Banks grapple with shrinking margins, deposit pressures, and lending shifts as the RBI resets interest rates

time-read
5 minutos  |
February, 2025
CLEAN WATER MEANS BIG BUSINESS
Beyond Market

CLEAN WATER MEANS BIG BUSINESS

India's water treatment industry is making waves on the back of tighter regulations, green goals, and a growing thirst for wastewater recycling and ZLD solutions

time-read
5 minutos  |
February, 2025