The manufacturing sector is in trouble if official statistics are to be believed but proxy indicators suggest they are in the pink of health
India’s manufacturing growth was languishing up till October 2022, but has recovered since then, and is expected to pick up even further going forward. (Representative image)
Major economies globally are likely to succumb to a recession in 2023. This risk is baked into investors’ expectations to an extent and has kept the Nifty ‘grounded’. Despite some end-of-the-year optimism, the Nifty could not sustain above 18,200. Domestic Silver Lining to The Global Dark Cloud All is not lost yet though. There is some hope pinned on the domestic economy. Domestic demand (however patchy it may have been) and government expenditure have so far acted as a much-needed shock-absorber…
