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 The performance of the monsoon in India so far in 2024 has been mixed, but overall positive with only (-)3% deficient so far from LPA(Long Period Average). In Karnataka and TN rains are above normal at 15% approx excess in Karnataka and 88% above normal approx  in TN upto 17th July Positive Aspects: Above-Normal Rainfall: The India Meteorological Department (IMD) predicted above-normal rainfall for the 2024 monsoon season, with 106% of the Long Period Average (LPA) expected. This has largely held true in many regions. Timely Onset: The southwest monsoon made a timely onset over Kerala and progressed well initially, bringing much-needed relief from the summer heatwave. Beneficial for Agriculture: Adequate rainfall is crucial for agriculture, which is a significant contributor to the Indian economy. A good monsoon season can boost agricultural output and overall economic growth. Areas of Concern: Uneven Distribution: The distribution of rainfall has been uneven across diffe...

India's Growth Forecast: A Positive Outlook Supported by Recent Indicators Several key economic indicators for June 2024 suggest a positive growth trajectory for India: GST Collection: The 7.7% year-on-year growth in GST collection signals a significant increase in economic activity. This rise indicates higher consumer spending and business transactions, reflecting a robust domestic demand. Manufacturing PMI: The PMI reading of 58.3 signifies a strong expansion in the manufacturing sector. This figure indicates increased production and new orders, suggesting a healthy growth momentum in the industrial sector. IIP Growth: The Index of Industrial Production (IIP) growth for April 2024 was 5%, exceeding market expectations. This indicates a broad-based recovery across various industrial sectors, contributing to overall economic growth. Core Sector Growth: While core sector growth slightly slowed to 6.3% in May 2024, it still remains at a healthy level. The core sectors,...

  1) the new Central  Govt should look at the possibility of creating a "Stock Options scheme exclusively for BPL/Unorganised sector families" of a basket of Top 500 NSE/BSE cos.which can b used to distribute Stock Market wealth to these poor, through their contribution and a matching contribution by Govt. 2) Already inflation is the biggest Tax.On top of it Salaried Middle class regularly pay Tax .Diminishing marginal utility of income theory suggests that value for money for them is high and By paying Income tax upfront thro TDS before even their Salaries r credited to their accounts, it is the Salaried middle class that bears the onslaught of Tax increases with diminishing income values due to inflation.Through their Taxes they support both Big Farmers , Wealthy Politicians and Businessmen. 3) When Supply side is adequate thro free imports, only cost-push inflation can happen,and it has receded once commodity prices have come down. 4) In the present NPS, many retired r sa...