Fortnightly Macro Economic Dashboard
Some Key observations
- Indian economy is doing well on account of consumer spending as reflected in credit growth which is still skewed towards retail credit.
- The Govt expenditure surprisingly is under control and they are on track for meeting their fiscal deficit target.
- Bond yields continues to be stubbornly high and unless deposit growth picks up I expect them to cross 8% in second half of this financial year
- Purchasing Manager index continues to be in positive territory but one data which is not shown over here is the input price index for companies. More companies are complaining that input prices for raw material is going up.
Article by Ritesh Jain, World Out Of Whack