Thread by @Sanju_Verma_

#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM

Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!

By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals

Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown

With INR@73.11/$ level,threat of imported inflation is minimal

#CoreInflation at sub 6%,bodes well
#economy

#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables

After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪

#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well

Note:Market was not expecting more than 44.7,for #ServicesPMI

Hence figure of 49.8,is indeed good news,beating so called pundits

Lower Trade deficit in Sep'20 was driven by 19.6% fall in imports,which is a concern;On positive side,exports grew 5.3%,driven by pharma&engg exports

Economies never jumpstart between go slow&go fast modes

That said,@narendramodi gov has infused stimulus akin to 20.97 lakh Cr in May2020,followed by 90000Cr package yet again,under #PMGaribKakyanYojna

Pace at which momentum is gaining traction,bodes well;4QFY21,should be good