Power generation is set for its sharpest rise in years, showing that economic activity is moving towards normalisation after the Covid-19 shock. Base effect is also in play as it had shrunk 2.49% in FY21.
Macro
Budget 2022: Power generation growth shows economy getting back on feet
Economic recovery and low base effect are poised to push power generation to its sharpest recovery in years.
Macro
India’s IoT module market grows fastest at 264% in Q2 2022
Growth in the IoT market is driven by smart meters, telematics, POS and automotive apps, the latest report by Counterpoint shows.
S&P retains India's GDP growth at 7.3% for FY23
The ratings agency expects RBI's monetary policy committee to hike the key policy rate by another 50 basis points to 5.9% in FY23.
50 basis points repo rate hike imminent: SBI Research
SBI Research expects the peak repo rate in the cycle at 6.25%.
Startup VC funding up 9.7% at $995 mn in Aug
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
Macro
India’s IoT module market grows fastest at 264% in Q2 2022
Growth in the IoT market is driven by smart meters, telematics, POS and automotive apps, the latest report by Counterpoint shows.
S&P retains India's GDP growth at 7.3% for FY23
The ratings agency expects RBI's monetary policy committee to hike the key policy rate by another 50 basis points to 5.9% in FY23.
50 basis points repo rate hike imminent: SBI Research
SBI Research expects the peak repo rate in the cycle at 6.25%.
Startup VC funding up 9.7% at $995 mn in Aug
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
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