Monthly Market Outlook - August 2023

Global Economy

Ø  Advance Economies On Verge Of A Slowdown

Ø  Global Supply-Chain Pressure Eases

Ø  Global Debt Has Reached Near Record High

Ø  Growth in EU is Also Likely To Remain Lacklustre As Credit Growth Slows

Ø  Chinese Growth Is Also Faltering After Reopen Uptick

Ø  Headline Inflation Has Reversed, Core Inflation Likely To Fall As Growth Slows

US Economy

Ø  Is Inverted Yield Curve Indicating Recession?

Ø  Is Higher US Deficit Indicating Recession?

Ø  Fed’s Recession Fears Near 40-Year High

Ø  Markets Expect High US Fed Rates For Next Year

Ø  US Interest Payment on Debt > Defence Spending

Ø  Excess Savings in US Are No More Available, This Can Drag Consumption

Ø  Lending standards tightening – a lead indicator for credit slowdown

Indian Economy

   Ø Oasis In The Global Desert Till Now But Sandstrom Is Blowing

Ø  IMF raises India's FY24 GDP growth forecast by 20 bps to 6.1%

Ø  Morgan Stanley upgrades India’s rating to overweight, downgrades China’s to equal weight

Ø  Net Direct tax collection grows 16 percent to Rs. 4.75 lakh crore, so far in FY24

Ø  India becomes Apple’s fifth largest iPhone market in the second quarter for the first time, overtaking France and Germany, according to Counterpoint Research.

Ø  India's services PMI jumps to 62.3 in July; highest since June 2010

Ø  India's manufacturing PMI falls marginally to 57.7 in July

Ø  GST Collections – Rs 1.5+ Tn Is The New Normal (July Rs. 1.65 Lakh cr)

Ø  Capacity Utilisation Reaches 74%

Ø  Corporate Leverage At 15-Year Low

Ø  Global Slowdown: Can Hurt India’s Services Exports And Growth

Ø  Government Continues To Increase Capex

Ø  New Private Project Announcement At All-Time High

Ø  Financial Sector Is Healthy And Sound

Ø  Q1FY24 Results Are In-line Of Expectations

Ø  Corporate Profit Growth Has Been Ahead Of GDP

Ø  Valuations – Marginally Above Fair Value

Data Source : ICICI MF / DSP MF / Kotak MF

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Coimbatore

0422- 4368116

Why is it important to master your money management ?

 Why is it important to master your money management?

1/ Achieving financial goals  
Mastering your money management allows you to create a budget, save and invest, and plan for your future, which helps you achieve your financial goals.

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Good finance management can help you build an emergency fund, manage debt, and make smart financial decisions, which can increase your financial security.

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6/ Investing for the future 
Investing in assets, such as stocks and bonds, that have the potential to grow in value over time.

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When you are in control of your finances, you will have peace of mind knowing that you are on the right track to achieving your financial goals.

Hence, to make the most of your money and live the life you want to live, it is important to Master your Money Management!

Source: Rachana Ranade Twitter Account