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1) Indian retail inflation touched 7% in August, compared to 6.7% in July.
2) Inflation rose above RBI’s comfort zone of 2%-6%.
3) Higher food and fuel prices and a weaker rupee have contributed to higher inflation data.
4) Bad weather, heatwaves, and erratic monsoon conditions to further pressurize food prices.
5) Prices of all essential crops like wheat, rice, and pulses move higher.
6) The government of India restricted wheat exports last month, to keep food price inflation under check.
7) Food inflation accounted for nearly half the consumer price index (CPI).
8) The Central Bank will look at interest rate hikes more aggressively in the coming months.
9) The central bank expects inflation to average 6.7% by the next year-end.
10) Index of Industrial Production (IIP), fell to 2.4% in July as compared to 12.3% in June.
11) The manufacturing sector’s output grew 3.2% in July 2022.
12) The U.S. Fed policy tightening leads to lower commodity prices amid fears of a global slowdown.
13) The RBI is expected to hike the repo rate by another 60 bps by next year to 6% from a record low of 4% during the pandemic.
14) The Indian rupee is trading near record lows of around 75-80 per dollar for several months.
15) The Indian economy seems to be very resilient in the face of a global slowdown.
16) The investor sentiment remains strong in India.
17) Softer fuel price is a positive for the Indian economy.
18) Foreign portfolio investment increased in India since July.
19) India becomes one of the best places to invest given the political stability and growth visibility.
20) Manufacturing, real estate, infrastructure, etc. investments are improving.
21) The market valuation is high.
22) India is well positioned for growth over the next 5-10 years.
23) US inflation data for August came at a whooping ~8.3%.
24) Russia- Ukraine war continues to exert pressure on commodity and fuel prices.
25) China’s zero-Covid policy continues to hamper worldwide trade.
Also, read How to invest in the India Stock Market where Management Quality is a choice between Bad and Ugly