- Core inflation fell at a two-year low at 3.9% in Dec’23. Wholesale inflation inched slightly higher to 0.7% on-year in Dec’23 vs 0.3% in Nov’23.
- The outlook on rupee remains positive for FY25, with strong equity inflows expected on account of a dovish stance in the upcoming FOMC statements. With India’s inclusion in J.P. Morgan’s global bond indices, inflows in debt too, are expected to pour in.
Merchandise trade deficit further narrowed to USD 19.8 Bn in Dec’23 compared to USD 20.6 Bn in Nov’23. Merchandise exports improved to USD 38.5 Bn and rose 1% on-year in Dec’23, led by a 6.2% on-year rise in non-oil exports.
Overall industrial output growth fell sharply to 2.4% on-year in Nov’23 compared to 11.6% the previous month. This can be partly attributed to a high base of previous year.
TruQuest is knowledge series launched by TruBoard Partners providing succinct updates and views on:
- Liquidity outlook
- India’s macro economic view
- Trends within the infrastructure, Real Estate and Renewable Energy sectors
- Impact analysis of new regulations and policies on lending and capital flow
Disclaimer
The data and analysis covered in this report of TruQuest has been compiled by TruBoard Pvt Ltd and its associates (TruBoard) based upon information available to the public and sources believed to be reliable. Though utmost care has been taken to ensure its accuracy, no representation or warranty, express or implied is made that it is accurate or complete. TruBoard has reviewed the data, so far as it includes current or historical information which is believed to be reliable, although its accuracy and completeness cannot be guaranteed. Information in certain instances consists of compilations and/or estimates representing TruBoard’s opinion based on statistical procedures, as TruBoard deems appropriate. Sources of information are not always under the control of TruBoard. TruBoard accepts no liability and will not be liable for any loss of damage arising directly or indirectly (including special, incidental, consequential, punitive or exemplary) from use of this data, howsoever arising, and including any loss, damage or expense arising from, but not limited to any defect, error, imperfection, fault, mistake or inaccuracy with this document, its content.