Robust growth across key sectors underpins strong momentum in the Indian economy. Core infrastructure demonstrates resilience, led by steel production. Power generation and demand grew 9% year-on-year, contributing to increased coal production in June. E-way bills and rail freight recorded double-digit growth, while ports cargo growth remained subdued due to elevated shipping freight rates. The auto sector exhibited mixed performance. The current account moved into surplus in Q4FY24, contributing to an overall rise in the balance of payments surplus. The credit to deposit ratio remains high, even as growth in both moderates due to a high base. Bond yields have eased, with 10-year G-sec yields falling below 7%. Consumer inflation, while within RBI’s targeted range, increased sequentially, primarily driven by food prices. Repo rate remains unchanged, with consensus projecting potential rate cuts in the latter half of FY2025.