 "Core sector production plummeted 1.8% in August, driven down by coal, oil, and electricity, raising concerns for industrial growth.")
In August 2024, the production growth of eight key infrastructure sectors in India saw a decline of 1.8 percent. This downturn was primarily due to lower outputs in coal, crude oil, natural gas, refinery products, cement, and electricity. This is a significant shift from the growth rate of 6.1 percent recorded in July. Despite the ...
 "India’s wealthiest surpasses trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.")
The wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion, as reported by Fortune India. Additionally, a report from Motilal Oswal reveals that household financial wealth has hit a record high of 115.9% of India’s GDP in the first quarter of FY25. Households have seen their gross financial assets rise ...
 "CNG vehicles surge in India, outpacing petrol sales, driven by affordability, cleaner emissions, and expanding refueling infrastructure.")
Compressed natural gas (CNG) is rapidly gaining popularity among Indian car buyers, with sales of CNG vehicles rising by 46 percent in the first eight months of the year. This surge comes as petrol vehicle sales declined by 4.5 percent. Factors driving this trend include new car launches, increased CNG fueling stations, and manufacturers focusing ...
 "Foreign investors surge back into India’s stock market, driven by robust IPOs and optimism amid political shifts and global rate cuts.")
Foreign portfolio investors (FPIs) injected over Rs 87,000 crore (over $10 billion) into Indian equities this quarter, marking the highest inflow since June 2023. Key factors driving this investment include improved growth prospects, increased global index weight, and a robust IPO Market, with 50 companies raising Rs 53,453 crore by August 2024. Despite a sluggish ...
 "Indian migrants dominate the U.S. educated workforce, making up 14% of global college-educated immigrants, driven by opportunity and ambition.")
A recent study by the Migration Policy Institute reveals that Indian migrants are the largest group of educated immigrants in the United States, making up 14 percent of the global pool. As of 2022, among over 14 million college-educated migrants in the U.S., 2 million of them are Indian. The report highlights that nearly half ...
 "Overseas funds are surging back into India’s trillion market, driven by political stability and promising growth prospects.")
Overseas funds are making a strong comeback in Indian stocks, as net foreign purchases reach $8.5 billion this quarter, the highest since mid-2023. Investors are encouraged by Prime Minister Narendra Modi’s stable government and India’s growing economy, which is set to become the third-largest globally by 2028. Despite Indian equities being pricier than many emerging ...
 "Foreign investors aggressively buy Indian equities as U.S. rate cuts loom, driven by optimism and India’s resilient market conditions.")
Foreign Portfolio Investors (FPIs) have invested Rs 27,856 crore in Indian equities in the first half of September 2024, driven by resilience in the Indian Market and expectations of an interest rate cut by the US Federal Reserve. Since June, FPIs have been on a buying spree after withdrawing Rs 34,252 crore earlier this year. ...
 "India’s hiring optimism soars to 37%, leading globally, driven by strong sectors and robust economic growth amidst talent demand.")
The employment outlook in India for the fourth quarter of 2024 is highly optimistic, with 37 percent of employers planning to hire more staff. This figure, reported in the ManpowerGroup Employment Outlook Survey, positions India as having the strongest hiring sentiment globally, surpassing countries like Costa Rica and the United States. The survey reflects a ...
 "Kitex Garments and Tribhovandas Bhimji Zaveri stocks soar, driven by booming profits and market demand, defying broader market trends.")
Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have reached multi-year highs despite a generally weak Market. Kitex Garments saw its stock surge by 17 percent, hitting Rs 488.80, as strong demand and a significant profit increase boosted investor confidence. The company reported a more than doubling of net profit in the last quarter and ...
 "In August 2024, thali costs plummeted, driven by massive price drops in key ingredients like tomatoes and fuel, offering hope amid inflation.")
In August 2024, the cost of preparing a vegetarian thali at home decreased by 8 percent year-on-year, while non-vegetarian thali prices dropped by 12 percent. This decline was mainly due to significant price cuts in essential ingredients like tomatoes, which fell by 51 percent, and a drop in the cost of vegetable oil and spices. ...
