Macro-Economic Dashboard

  • Growth of India’s service sector fell to 58.5 in June vs 61.2 in May.
  • Manufacturing sector growth (PMI) stood at 57.8 in June vs 58.7 in May.
  • Retail inflation in India rose to 4.81% in June after a 25-month low of 4.25% in May.
  • India’s industrial production rose to 5.2% in May from 4.5% in April 2023.
  • India’s power consumption rose 4.4% year-on-year to 139.23 billion units (BU) in June: Power Ministry.
  • India’s forex reserves rose $1.9 billion to $595.1 billion during the week that ended on 30 June.
  • In June 2023, India’s gross GST revenue reached ₹1,61,497 crore, a 12% increase from the previous year.
  • Tata Steel: consolidated production fell to 7.08 Million Tonnes (MT) in the April-June quarter vs 7.67 MT in the same quarter last year.
  • Cargo traffic at India’s major ports fell 1.96% year-on-year to 64.63 million tonnes (MT) in June.
  • Diesel sales fell 3.7% year-on-year in June, petrol sales rose 3.4%.
  • India’s crude steel production rose 4.1% to 11.2 MT in May 2023: World Steel Association.
  • The government has introduced a time of day tariff – electricity price will vary based on the time of the day. Applicable for commercial/industrial consumers from 1st April 2024, from 1st April 2025 for all other consumers (except agriculture).

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This analysis has been compiled by obtaining data from Iman Resources’ sources.

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