India's January macro update shows CPI at 5.69%, WPI at 0.73%, IIP growth at 2.40%, and GDP at 7.60%. Credit growth and deposit growth stand at 20.30% and 13.10%, respectively. Trade deficit narrowed to $19.80 billion. In equities, FII flows were negative, while DII and MF flows were positive. Manufacturing and services PMI showed considerable improvement. Read the full market outlook below.
Authors:
- Naresh Bulchandani, CFA, CAIA - Head Products & Advisory
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