Know The Now – What’s your narrative?

In the latest edition of Know the Now: What’s Your Narrative? we would like to draw your attention on some data points in India:
– Credit is picking up across sectors: Bank credit up 11%, Personal loan growth up 14.7%, Credit to Industry up 8%, Services credit up 11.1%, Credit to agriculture and allied at 10.6%
– PMI real time measures are the best reading in years, Composite PMI at 58.3, Services PMI at 58.9, Manufacturing at 54.6
– Key Core Industries and IIP data is tracking above 7.5%
– Top-line sales growth of NIFTY companies are strong and EBIDTA margins at 24% are at all-time highs