Watch | Business Matters: What do macro economic indicators tell us about India’s performance?
The Hindu
This week, we will dive a bit deep into the Indian economy. It’s been a while since we have looked a
This week, we will dive a bit deep into the Indian economy. It’s been a while since we have looked at specific macro indicators. Ever since the government released GDP numbers for quarter ended September, how have things looked? A bit bright and a bit dark.
Private sector survey
As per the S&P Global Purchasing Managers’ Index survey released monthly, the manufacturing sector did pretty well in December, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years.
Core sector trends
Core sector data which reaches us with about a month’s lag, showed November having bounced back after a shocking slowdown in October. Last week we saw that it had been a bumpy ride. After a shocking dip in October, it is back up at 5.4%. Here’s how core sector growth has been:
GST trends
Among the many macroeconomic indicators, consistency in GST growth has offered reason for cheer. Not just growth in every month this financial year but also exceeding Rs. 1.4 lakh crore in absolute terms every month for 10 months.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










