Finance & Economy | News & Insights

CareEdge Economic Meter – October 2023

Published: October 21, 2023
Author: TEXTILE VALUE CHAIN

Highlights:

  • Economic Activity Index was nearly unchanged at year ago level despite sequential uptick.
  • High base of last year due to early arrival of festive season impacted CEM growth.
  • Concerns on rural demand revival, slowing external demand and subdued private investment continues.
  • Growth is expected to revive going ahead as we enter the peak festive season.
  • Sustained moderation in food inflation will be critical for a turnaround in rural demand.

CareEdge_Economic_Meter_-_October_2023

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