India Economy Update - Cyclical Moderation Continues In September: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Early data for September 2024 suggests that 65.7% indicators were in the positive territory on YoY basis versus 70.0% in Aug-24. Final data indicates that 61.2% indicators were in the positive territory in Aug-24 on YoY basis. On MoM basis, 51.4% indicators were in the positive territory in Sep-24 versus 70.0% in Aug-24. Final data indicates that 57.1% indicators were in the positive territory in Aug-24 on MoM basis. Our proprietary output index continues to show signs of cyclical moderation. In signs of rural recovery, rural unemployment moderated to 7.0% in Sep-24 from 8.4% in Aug-24. Tractor sales grew by 3.7% YoY in Sep-24 and were up by 100.5% MoM. Among the auto segments, two-wheeler sales performed the best and were up 15.8% YoY in Sep-24 (up 18.4% MoM). Manufacturing and Services PMI moderated in Sep-24. Exports grew by a muted 0.5% YoY in Sep-24 (versus 9.3% decline in Aug-24). The Naukri Jobspeak index was down 3.8% YoY in Sep-24. Banks’ non-food credit growth (excluding HDFC) moderated and stood at 14.1% YoY in Sep-24 versus 14.9% in Aug-24. The credit-to-deposit ratio also moderated and stood at 77.0% in Sep-24 versus 77.5% in Aug-24..Click on the attachment to read the full report:.Bulls & Bears- Highest Ever FII Selling, Slowdown In Earnings Lead To A Sharp Correction In Oct: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Economy Update - Cyclical Moderation Continues In September: Nirmal Bang

In signs of rural recovery, rural unemployment moderated to 7.0% in September 2024 from 8.4% in. Aug-24, adds the brokerage.

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India Economy Update - Cyclical Moderation Continues In September: Nirmal Bang

In signs of rural recovery, rural unemployment moderated to 7.0% in September 2024 from 8.4% in. Aug-24, adds the brokerage.

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