India Macro Indicators share price target

Bonds Wrap: Fortnightly review. Crude Imports: India's crude import-story so far. Currency Outlook: Fortnightly forex review. GDP Forecast: GDP expectations for FY25. Diversified Financials: Sustained, strong demand for mutual funds. Power: Capacity addition quickens but lags annual targets

Q3FY24 GDP: GDP growth to ascend to 7.6% in FY24

Q3FY24 GDP Projection: GDP to grow by 6.4% in Q3FY24

Infrastructure Study: Status of infrastructure projects. WPI: WPI inflation slows down

AMBER: Persistent near-term challenges; cut to SELL. CPI and IIP: Still some pain points on inflation. Credit Composition: Study on personal loans. HMCL: Healthy quarter but positives priced in. TMX: Improving order outlook; maintain HOLD. BANDHAN: Recovery on track. IGL: Legacy UP, new GAs can offset slowdown, reiterate BUY. ZYWL: Seasonally weak quarter

WPI: WPI inflation creeping up

June 2023 saw some mixed macroeconomic numbers, with Wholesale Price Index (WPI) declining and Consumer Price Index (CPI) increasing. Unemployment rates rose, while Foreign Institutional Investments (FII) showed positive growth. Crude oil prices experienced a marginal decrease, accompanied by a decline in consumption.

India's annual retail inflation after being on a declining trend since Jan'23 rose for the first time in the month of Jun'23.

The momentum in India's industrial activity improved in May'23 expanding by 5.2% YoY vs 4.5% in the previous month.

In May 2023, India's macroeconomic scenario witnessed a drop in inflation and unemployment. Foreign institutional investment inflows declined sequentially for four consecutive quarters. Crude oil prices decreased as domestic consumption increased.

The momentum in India's industrial activity improved in Apr'23 expanding by 4.2% YoY vs 1.7% in the previous month.

India's macroeconomic landscape in April 2023 witnessed easing inflation and a rise in unemployment. Foreign institutional investment inflows declined MoM, while mutual funds experienced outflows. Simultaneously, crude oil prices increased as domestic consumption declined.

The momentum in India's industrial activity eased in Mar'23 falling to a five-month low. The output during the month expanded by merely 1.1% YoY vs 5.8% in the previous month.

India's retail inflation grew at the slowest annual pace in eighteen months in April'23. The headline inflation reading for the month was 4.70% (YoY) as against 5.7% (YoY) in March'23.

The overall growth momentum of the Indian economy is being sustained, even though a few lead indicators

The Indian economy has seen a mixed bag of developments. While inflation eased, unemployment rose. Additionally, foreign institutional investment fell on an MoM basis while mutual funds recorded inflows in March. Crude prices dropped even as domestic consumption rose.

India's wholesale inflation continued its descent and moderated to around two years low in February'23.