In June 2024, Consumer Price Index (CPI) inflation rose to a four-month high of 5.1%, while Wholesale Price Index (WPI) inflation increased to 3.4%. The Purchasing Managers' Index (PMI) rose, compared to the previous month.
The unemployment rate rose in June 2024. Foreign institutional investment (FII) and mutual funds witnessed inflows, compared to outflows in the previous month. Crude oil prices fell on an MoM basis.
In May 2024, the total number of passengers carried by Indian domestic airlines increased 4.4% YoY to 138 lakh. Total departures by scheduled carriers declined by 2.6% YoY to 88,523.
In June 2024, private insurers sold 7.1 lakh policies, while LIC sold 14.6 lakh schemes. The first-year premium for private insurers grew by 9.7% YoY to Rs 10,333.4 crore. Meanwhile, LIC's first-year premium increased to Rs 28,366 crore, with its market share falling by 70 bps YoY.
Retail sales in the automobile industry rose by 0.7% YoY in June 2024, reaching 18.9 lakh units. Two-wheeler retail sales increased by 4.7% YoY to around 13.8 lakh units, while car sales declined by 6.7% YoY to 2.8 lakh units.
In May 2024, the total value of credit card transactions continued the trend from April, and increased by 17.3% YoY, reaching Rs 1.7 lakh crore. Concurrently, the number of outstanding credit cards also grew, by 17.7% YoY. Private sector banks saw a 17.4% YoY rise in the value of transactions.
In June, automobile wholesales of listed companies grew by 8.7% YoY to 14 lakh units. However, exports declined by 2.5% YoY to 2.3 lakh units. Domestic two-wheeler wholesales of listed companies increased by 11% YoY to 9.9 lakh units, while passenger vehicles rose by 3.7% YoY to 2.2 lakh units.
In May 2024, Consumer Price Index (CPI) inflation eased marginally (down 8 bps) to a year low, while Wholesale Price Index (WPI) inflation rose. The Purchasing Managers' Index (PMI) declined compared to the previous month.
The unemployment rate fell in May 2024. Foreign Institutional Investment (FII) and mutual funds witnessed outflows, compared to inflows in the previous month. Crude oil prices fell on an MoM basis.
In May 2024, private insurers sold 6.2 lakh policies, while LIC sold 12.5 lakh schemes. The first-year premium for private insurers grew by 9.7% YoY to Rs 10,333.4 crore. Meanwhile, LIC's first-year premium increased to Rs 16,690.4 crore, with its market share rising by 190 bps YoY.
Retail sales in the automobile industry rose by 2.8% YoY in May 2024, reaching 20.9 lakh units. Two-wheeler retail sales increased by 2.5% YoY to around 15.3 lakh units, while car sales declined by 1% YoY to 3 lakh units.
