Watch | Business Matters: What do macro economic indicators tell us about India’s performance?

This week, we will dive a bit deep into the Indian economy. It’s been a while since we have looked a

This week, we will dive a bit deep into the Indian economy. It’s been a while since we have looked at specific macro indicators. Ever since the government released GDP numbers for quarter ended September, how have things looked? A bit bright and a bit dark.

Private sector survey

As per the S&P Global Purchasing Managers’ Index survey released monthly, the manufacturing sector did pretty well in December, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years.

Core sector trends

Core sector data which reaches us with about a month’s lag, showed November having bounced back after a shocking slowdown in October. Last week we saw that it had been a bumpy ride. After a shocking dip in October, it is back up at 5.4%. Here’s how core sector growth has been: 

GST trends

Among the many macroeconomic indicators, consistency in GST growth has offered reason for cheer. Not just growth in every month this financial year but also exceeding Rs. 1.4 lakh crore in absolute terms every month for 10 months.