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Fancy Cars: Across many sectors, India’s consumption story has two diverging strands after Covid — demand is growing for pricier, premium products, especially in urban areas, while the sale of entry-level and mass-market goods is dipping.
Across many sectors, Indias consumption story has two diverging strands after Covid — demand is growing for pricier, premium products, especially in urban areas, while the sale of entry-level and mass-market goods is dipping.
India Business News: The electricity demand increased 8.5% to 9,82,233 units during April-October 2023. The energy supply rose 8.8% to 9,79,344 units. Power generation dur
India's fiscal deficit for the first seven months of the financial year that started April 1 was 8.04 trillion Indian rupees, or 45% of the estimate for the whole year, government data showed on Thursday. April-October net tax revenues were 13.02 trillion rupees, or 55.9% of the annual estimate, compared with 11.71 trillion rupees in the same period last year, according to the data. Corporate tax collections have risen by 17.6% year-on-year to 4.82 trillion rupees in April-October, the data showed.
The US yield curve impressively bull steepened. The 2-y yield tumbled 15.4 bps. The 30-y yield eased 3.2 bps. The decline was fully due to a lower real yield (10-y -7.7 bps to 2.10%). The US 10-y yield dropped below 4.34 % support (38% on the April October rise).