Small-caps and mid-caps have experienced a substantial rally compared to large-caps. However, the surges in the small-cap and mid-cap segments have resulted in frothy valuations, as indicated by a price-to-book ratio significantly higher than the long-term average. In contrast, large-caps…

Indians take weddings seriously. That’s it, I could end this right here, with no further explanation and no one would have difficulty in believing me – There would be few who haven’t witnessed this grandeur. Even the most modest affairs…

The US FOMC maintained the Federal Funds Rate within the target range of 5.25-5.50% during the December 2023 meeting and indicated three 25 bps rate cuts in 2024. US economic growth continues to remain strong, as indicated by the upward…

In November 2023, India’s Consumer Price Index (CPI) inflation rose to 5.55% YoY from 4.87% YoY in October, on account of higher food inflation. Food inflation rose to 8.0% YoY in Nov’23, from 6.3% YoY in the previous month. Within…

In the December 2023 meeting, the RBI Monetary Policy Committee (MPC) decided to hold the repo rate at 6.5% and retained the policy stance. The RBI Governor noted that monetary policy remains ‘actively disinflationary’ to ensure anchoring of inflation expectations…

In Q2 FY24, India’s GDP growth posted a robust expansion of 7.6% YoY. The growth was primarily driven by a strong manufacturing sector, as a fall in raw material costs led to an improvement in operating margins. However, the agriculture…

Panorama November 2023 edition is out now! Panorama is a meticulously crafted report that offers a comprehensive view of the macro factors and market trends shaping the economic landscape of India. Here are the key insights from the report: Small-cap…

RBI recently introduced regulatory measures addressing consumer credit and bank credit to NBFCs, aiming to strengthen credit standards and proactively prevent potential stress in consumer lending. These measures may lead to increased capital requirements for banks/NBFCs, moderation in personal loan…

In October 2023, India’s Consumer Price Index (CPI) inflation eased to 4.87% YoY, primarily due to a steady decline in core inflation. Core inflation decreased to 4.25% YoY in October from 4.56% in the previous month. Refined measures of core…

We are excited to introduce the first report of our Spotlight series: India’s Manufacturing Renaissance. The report presents a comprehensive comparison among the beneficiaries of the China+1 strategy, which includes India, Vietnam, Thailand, Indonesia, Malaysia, and Mexico. This report offers…