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Earnings PPT Addition Pages From ITC 12-14

ITC PPT

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manoj pandey
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13 views

Earnings PPT Addition Pages From ITC 12-14

ITC PPT

Uploaded by

manoj pandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Macro Economic Environment

Global outlook steady with downside risks India remains resilient

Real GDP Growth YoY

7.7

3.7
2.1 2.4
1.4
3.2 1.7 2.6 0.9 5.0

World Adv. Eco US Euro Area China


2023 2024f 2010-19 average

 Major Central Banks remain cautious in their stance despite  FY25 GDP expected to grow by 7.2%
easing inflation pressures - Private consumption remains subdued
 Geo political dynamics & Climate emergencies pose  Balanced Macros
downside risks - Tax collections remain buoyant
 Debt distress in emerging and low income economies - Strong Bank and Corporate Balance Sheets
 Structural weakness in Chinese economy persists - Forex Reserves at all time high
Source : IMF WEO July’24 Source : IMF WEO’24, MOSPI, RBI |4|
Consumption remains subdued Normal Monsoons augur well

Passenger Vehicles – retail sales declining (YoY%) Food inflation remains elevated (Qtly YoY%) Rainfall status: +2% LPA as on 30th Jul’24
1 1
. 0
%

CPI Food CPI


1 0
. 0
%

9.3%
8.9%
8.0%
9 .0 %

8 .0 %

7 .0 %
6.4%
7.3%
6 .0 % 5.6%
4.9%
5 .0 %

4 .0 %

4.0%
3 .0 %
3.8%

2 .0 %
2.2%
Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24
Source: FADA Source: MoSPI
Real rural wages remain weak Non-Durables growth lag (YoY%)

6.0%
Real Farm Yoy% Real Non Farm Yoy%

3.0%

0.0%

-3.0%

-6.0%

-9.0%

>=60% 20% - 59% (19%) - 19% (59%) - (20%) Source : IMD

Source: Labour Bureau Source: MoSPI IIP


|5|
Macro Economic Environment

Key Key
Positives Monitorables
Moderating Stable growth Geopolitical Agri Commodity
Inflation outlook disruptions Inflation

Strong Bank & Monetary easing


Buoyant Tax Rural Demand
Corporate cycle in Advanced
collection recovery
Balance Sheets economies
Purposeful Policy
External Balances Govt. spending Extreme weather
intervention by
& Forex Reserve and Employment events
Government

|6|

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