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
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