Monthly Ecocapsule_Feb’24

The Report presents a smorgasbord of global and domestic economic data and notes that in a improving yet moderate global economic outlook, India remains a standout performer. The US has shown exceptional resilience, while China’s recovery remains iffy. Central Banks worldwide have now moved to a stage where the key question confronting them is the timing of rate cuts. On the domestic front, growth is robust, seconded by high frequency indicators. The Union chose to stick to fiscal rectitude in the Union Budget, while maintaining its priority to capex. This, coupled with inflows expected due to inclusion in global bond indices, could see yields dipping in the coming months.

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