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In today’s edition of Pro Panorama: Make-in-India Index leaves its mark, how far Yes Bank rally can go, bond market’s promising affair, what explains gold price surge and more
The FMCG sector had been hit by inflation, uneven rains during the kharif season and the resultant weak sentiment of the rural sector. However, sentiment is positive for the sector in coming months over expectations that the government will initiate measures to boost rural incomes and demand.
Market salutes conservative Budget stance
Thursday’s GDP data followed by Friday’s PMI print support the strengthening of India’s economic outlook. India’s Q2 GDP growth came in hot at 7.6 percent, much higher than the RBI’s estimate of 6.5 percent. If the central bank could get it so wrong, maybe forecasters could console their own misses.
Can consumption continue to support growth? We'll soon know how strong festive demand has been