RBI bulletin for November here.) Indicators on manufacturing and services are doing better, goods and services tax collections hit the psychologically important ₹1 trillion mark in October.
Companies have tightened belts and data shows that while the top-line is down just over 9% for listed non-finance firms, profit after tax is up a huge 41% July to September (read here).
The stock market is on a liquidity plus sentiment fuelled rush, shaking off the March’s fear-fuelled crash, and is now at a lifetime high, gaining almost 70% from the year’s low.