Don't they say if auto sector performs poor in a country then the stock market slows down or starts to go down. If I am not reading into it to much then we can see the same trend after 2016 when auto sector started performing poorly and Indian stock market started to slow down. 
 We can say that it was due to demonetisation and sudden GST but before that only Indian stock market started perform poorly and demonetisation, GST acted as boster.

Software Developer

Auto retail sales in India dropped 9% YoY in September due to sluggish demand.  Passenger vehicle sales fell 19% YoY to 2,75,681 units.  Twowheeler sales declined 8% YoY to 12,04,259 units.  Commer...

Welcome to News Discussion's Private Community

- **Auto retail sales** in India dropped **9% YoY** in September due to **sluggish demand**.
- **Passenger vehicle sales** fell **19% YoY** to **2,75,681 units**.
- **Two-wheeler sales** declined **8% YoY** to **12,04,259 units**.
- **Commercial vehicle registrations** decreased **10% YoY** to **74,324 units**.
- **Tractor sales** rose **15% YoY** to **74,324 units**, while **three-wheeler sales** saw a slight increase.

Source: [Zee News](https://zeenews.india.com/auto/auto-retail-sales-drop-9-pv-inventory-rockets-to-record-high-2804066.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/auto-retail-sales-skid-9-in-sept-on-sluggish-demand/articleshow/114026457.cms)

India's Auto Sales Plummet Amid Festive Season

Journalist

India's Auto Sales Plummet Amid Festive Season- Grapevine

- A sizzling rally in India’s auto shares is reversing as unsold vehicles and growing discounts pressure profit margins.
- India’s NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index.
- Passenger vehicle inventories have surged to historic highs, and waiting periods for some models have nearly vanished.
- Increased competition among carmakers has led to price cuts, raising concerns about sustaining robust sales post-pandemic.
- The market’s next test will be during the festival season, but expectations for a major turnaround are low. 

 Source: [Business Standard](https://www.business-standard.com/markets/news/waning-demand-expected-to-hit-breakneck-rally-in-india-s-auto-stocks-124081900082_1.html)

Waning Demand Expected to Hit Breakneck Rally in India's Auto Stocks

Liabilities and high interest loans rising, household savings falling. It's a very worrying statistic if people are borrowing money just to stay afloat.

Acche din

Generalist

- Passenger vehicle sales have slumped, leading to an unprecedented inventory of over 700,000 units worth Rs 73,000 crore at dealerships nationwide, says FADA.
- The stockpile has increased from 65-67 days in early July to 70-75 days, raising concerns about dealer sustainability.
- FADA President Manish Raj Singhania urges PV OEMs to realign production around retail figures and reduce vehicle supplies to dealers.
- Despite a 10% rise in passenger vehicle sales in July, PV wholesales saw a year-on-year decline of 2.5% due to the high base effect from the previous year. 

 Source: [Business Standard](https://www.business-standard.com/industry/auto/passenger-vehicle-dealers-struggle-with-inventory-worth-rs-73-000-cr-fada-124082100636_1.html)

Passenger Vehicle Dealers Face Inventory Crisis Worth Rs 73,000 Crore: FADA

Like even frauds but rich that can buy 100000 worth phones easily. Can buy luxury car if they want etc.

Is there any data present in how much filthy rich people are there?

Software analyst

I don't see layoffs happening in core industry sector.

Growth Manager

Welcome to Personal Finance's Private Community

I was thinking about this few days back...Today a swiggy employee validated my thoughts so posting here.

Layoffs are mainly in cream jobs(20-30% which is hardly 2-3cr source tax web) and in India mainly home loans or highly consumable loans like car or PL are taken by White collars...As per labour law, we ain't protected like in Korea.

So, if someone or let's say a major chunk loses his or her job then how the system will absorb this default?

Some data...

Fy23 Home loan Size is 20 lac crore or $250B (15% of total loans disbursed by amount)

2030 it's about to touch $1T

Cagr 23% in HL growth 📈

What if defaults rise in dual digit?

Plus exorbitant hike in flat price like literally greater Noida West have 5lac unsold flat but still 10lacs worth flats are being sold at 40-50lacs (poor quality and seelan issues after a month)

PS - Usa and China have seen this. (2008 and ongoing in China)

Home Loan Crisis in India 📈

Senior Consultant

Following are the few reasons that came into my Insites 

1. Biofuels would be far cheaper + inhouse production

2.Electric Cars might be like walking Bombs with Batteries dying early 

3.Low Milage 

4.EV buyers are younger population who drives occasionally 

5.Indian Roads 💀 not for 🌊 Flooding India Pothole Roads 

6.Insuarce Issues as mentioned below

I am Planning to Buy EV Car but Why EV sales are going Down World Wide?

Software Engineer

https://m.economictimes.com/industry/renewables/e-car-sales-fall-to-5-month-low-in-february-despite-steep-price-cuts/articleshow/108443567.cms

The resale value of those cars will now fall faster. I feel sad for all those people who bought the EV vehicles.

Finally the hype runs out

Consultant

Warning bells of economic uncertainty, by sridhar vembu.

Welcome to Office Gossip's Private Community

Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade.

I obviously think more optimistically and hopefully things will look up soon.

What do you all think about this tho?

Reply in comments. Do you all think we ever getting the bull run again? 😔

Product Manager

- Transport minister Nitin Gadkari announced that India's EV market will be worth INR 20 Lakh Cr by 2030.
- Gadkari is optimistic that India will become the largest global automotive manufacturing hub, with the PLI scheme boosting battery cell production.
- The Centre plans to launch the third version of the FAME scheme soon.
- Gadkari predicts that annual EV sales will reach 1 Cr by 2030, creating 5 Cr jobs.
- Despite challenges like high prices and limited charging infrastructure, EV sales have been rising due to government incentives. 

 Source: [Inc42](https://inc42.com/buzz/annual-ev-sales-to-touch-1-cr-mark-in-india-by-2030-nitin-gadkari/)

India's EV Market to Hit 1 Crore Annual Sales by 2030: Gadkari

Welcome to Indian Startups's Private Community

Which period do Amazon/Flipkart record the lowest orders?
Is it the same for Meesho as well?

Low E-Com Order Period

Product analyst

Here's we go with the Grapevine News Bulletin - 5 handpicked scoops! 🗞️ Devour these tidbits in under 3 minutes and get your brain buzzing!

Let's go!

𝟏.⁠ 𝐢𝐱𝐢𝐠𝐨, 𝐚 '𝐜𝐨𝐜𝐤𝐫𝐨𝐚𝐜𝐡 𝐬𝐭𝐚𝐫𝐭𝐮𝐩', 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐩𝐮𝐛𝐥𝐢𝐜 𝐚𝐟𝐭𝐞𝐫 𝟏𝟖 𝐲𝐞𝐚𝐫𝐬 𝐨𝐟 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬

Ixigo, an online travel aggregator, is going public next week, targeting Rs 740 crore ($89 million) primarily through a sale of shares by existing investors.

The IPO is expected to value Ixigo at Rs 3,600 crore ($430 million), 20% higher than its 2021 private valuation. Ixigo's financials show strong growth, with a 32% increase in operating revenue to Rs 501 crore in FY23 and a net profit of Rs 23 crore. Ixigo's valuation appears to be a potential bargain compared to peers like EaseMyTrip and MakeMyTrip.

Existing investors like Elevation Capital and Peak XV Partners are set to make significant returns, with Elevation expected to make a 13X return.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘾𝙤𝙪𝙡𝙙 𝙞𝙭𝙞𝙜𝙤'𝙨 𝙢𝙤𝙙𝙚𝙨𝙩 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣 𝙘𝙤𝙢𝙥𝙖𝙧𝙚𝙙 𝙩𝙤 𝙥𝙚𝙚𝙧𝙨 𝙡𝙞𝙠𝙚 𝙈𝙖𝙠𝙚𝙈𝙮𝙏𝙧𝙞𝙥 𝙞𝙣𝙙𝙞𝙘𝙖𝙩𝙚 𝙖 𝙢𝙖𝙧𝙠𝙚𝙩 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙤𝙣 𝙞𝙣 𝙩𝙧𝙖𝙫𝙚𝙡 𝙩𝙚𝙘𝙝 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣𝙨, 𝙤𝙧 𝙖𝙣 𝙤𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙮 𝙛𝙤𝙧 𝙥𝙤𝙨𝙩-𝙄𝙋𝙊 𝙫𝙖𝙡𝙪𝙚 𝙘𝙧𝙚𝙖𝙩𝙞𝙤𝙣 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙚𝙭𝙘𝙚𝙡𝙡𝙚𝙣𝙘𝙚?

Source: Inc42 - https://bit.ly/3KBzNEM

𝟐. ⁠𝐔𝐧𝐚𝐜𝐚𝐝𝐞𝐦𝐲 𝐜𝐨-𝐟𝐨𝐮𝐧𝐝𝐞𝐫 𝐇𝐞𝐦𝐞𝐬𝐡 𝐒𝐢𝐧𝐠𝐡 𝐬𝐭𝐞𝐩𝐬 𝐝𝐨𝐰𝐧 𝐚𝐬 𝐂𝐓𝐎

The co-founder of the edtech platform Unacademy, Hemesh Singh, is stepping down from his role as Chief Technology Officer (CTO). He will continue in an advisory role at the company, but his future plans are unclear.

Unacademy's focus has shifted more towards the offline market, which is now a central part of their business. The online test-prep operation is expected to decrease in 2023.

There have been other top-level exits at Unacademy recently. The company has raised significant funding over the past few years, with its valuation reaching over $3 billion.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙃𝙚𝙢𝙚𝙨𝙝'𝙨 𝙚𝙭𝙞𝙩 𝙨𝙞𝙜𝙣𝙖𝙡𝙨 𝙖 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙘 𝙨𝙝𝙞𝙛𝙩 𝙖𝙩 𝙐𝙣𝙖𝙘𝙖𝙙𝙚𝙢𝙮, 𝙛𝙤𝙘𝙪𝙨𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙤𝙣 𝙤𝙛𝙛𝙡𝙞𝙣𝙚 𝙜𝙧𝙤𝙬𝙩𝙝 𝙧𝙖𝙩𝙝𝙚𝙧 𝙩𝙝𝙖𝙣 𝙞𝙩𝙨 𝙙𝙞𝙜𝙞𝙩𝙖𝙡 𝙧𝙤𝙤𝙩𝙨. 𝙃𝙤𝙬 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙤𝙛𝙛𝙡𝙞𝙣𝙚 𝙥𝙞𝙫𝙤𝙩 𝙞𝙢𝙥𝙖𝙘𝙩 𝙤𝙩𝙝𝙚𝙧 𝙚𝙙𝙩𝙚𝙘𝙝 𝙥𝙡𝙖𝙮𝙚𝙧𝙨, 𝙖𝙣𝙙 𝙙𝙤𝙚𝙨 𝙞𝙩 𝙞𝙣𝙙𝙞𝙘𝙖𝙩𝙚 𝙖 𝙗𝙧𝙤𝙖𝙙𝙚𝙧 𝙩𝙧𝙚𝙣𝙙 𝙤𝙛 𝙙𝙞𝙜𝙞𝙩𝙖𝙡-𝙛𝙞𝙧𝙨𝙩 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙚𝙢𝙗𝙧𝙖𝙘𝙞𝙣𝙜 𝙝𝙮𝙗𝙧𝙞𝙙 𝙢𝙤𝙙𝙚𝙡𝙨 𝙛𝙤𝙧 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙜𝙧𝙤𝙬𝙩𝙝?

Source: The Arc - https://bit.ly/3VBjrCt

𝟑.⁠ ⁠𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐚𝐩𝐩 𝐅𝐢𝐛𝐞 𝐫𝐚𝐢𝐬𝐞𝐬 $𝟗𝟎 𝐦𝐧 𝐚𝐬 𝐥𝐨𝐚𝐧 𝐛𝐨𝐨𝐤 𝐝𝐨𝐮𝐛𝐥𝐞𝐬

The lending app Fibe has raised $90 million in a new funding round, nearly doubling its valuation to close to $600 million. The round was led by TR Capital, Amara Partners, and Trifecta Capital, with existing investors TPG and Norwest also participating. 

Fibe provides unsecured personal loans of up to Rs 5 lakh, competing with players like KreditBee and Moneyview. It is profitable, with a net profit of Rs 88 crore for the 9 months ending December 2023. Its loan book has more than tripled in the last 2 years, reaching Rs 3,431 crore as of December 2023.

The company had to write off loans worth Rs 94 crore in the 9 months ending December 2023, over twice the Rs 44.5 crore in FY23. Its NBFC had a gross NPA of 2.86% in December 2023, down from 3.5% in March 2023.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙁𝙞𝙗𝙚'𝙨 𝙜𝙧𝙤𝙬𝙩𝙝 𝙖𝙣𝙙 𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙨𝙝𝙤𝙬𝙘𝙖𝙨𝙚 𝙩𝙝𝙚 𝙢𝙖𝙨𝙨𝙞𝙫𝙚 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙙𝙞𝙜𝙞𝙩𝙖𝙡 𝙡𝙚𝙣𝙙𝙞𝙣𝙜 𝙨𝙥𝙖𝙘𝙚, 𝙙𝙚𝙨𝙥𝙞𝙩𝙚 𝙧𝙞𝙨𝙞𝙣𝙜 𝙉𝙋𝘼𝙨. 𝘼𝙨 𝙙𝙞𝙜𝙞𝙩𝙖𝙡 𝙡𝙚𝙣𝙙𝙚𝙧𝙨 𝙡𝙞𝙠𝙚 𝙁𝙞𝙗𝙚 𝙨𝙘𝙖𝙡𝙚 𝙧𝙖𝙥𝙞𝙙𝙡𝙮, 𝙝𝙤𝙬 𝙬𝙞𝙡𝙡 𝙩𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙗𝙖𝙣𝙠𝙨 𝙖𝙣𝙙 𝙉𝘽𝙁𝘾𝙨 𝙧𝙚𝙨𝙥𝙤𝙣𝙙 𝙩𝙤 𝙢𝙖𝙞𝙣𝙩𝙖𝙞𝙣 𝙩𝙝𝙚𝙞𝙧 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙝𝙖𝙧𝙚 𝙞𝙣 𝙥𝙚𝙧𝙨𝙤𝙣𝙖𝙡 𝙡𝙤𝙖𝙣𝙨?

Source: Entrackr - https://bit.ly/3X9ezpg 

𝟒.⁠ ⁠𝐇𝐞𝐫𝐨 𝐌𝐨𝐭𝐨𝐂𝐨𝐫𝐩-𝐛𝐚𝐜𝐤𝐞𝐝 𝐀𝐭𝐡𝐞𝐫 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐟𝐥𝐚𝐭 𝐫𝐞𝐯𝐞𝐧𝐮𝐞𝐬 𝐢𝐧 𝐅𝐘𝟐𝟒

Ather Energy's revenues were flat at ₹1,753 crore in FY24, down 2% from the previous year

This is due to increasing competition in the Indian electric two-wheeler market, with players like Ola Electric, Bajaj, and TVS vying for market share

Ather had seen a massive 4x revenue growth in the previous year, from ₹408 crore to ₹1,784 crore

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘼𝙩𝙝𝙚𝙧'𝙨 𝙛𝙡𝙖𝙩 𝙜𝙧𝙤𝙬𝙩𝙝 𝙞𝙨 𝙖 𝙬𝙖𝙠𝙚-𝙪𝙥 𝙘𝙖𝙡𝙡, 𝙝𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙛𝙞𝙚𝙧𝙘𝙚 𝙘𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡 𝙨𝙖𝙩𝙪𝙧𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙚𝙡𝙚𝙘𝙩𝙧𝙞𝙘 𝙩𝙬𝙤-𝙬𝙝𝙚𝙚𝙡𝙚𝙧 𝙢𝙖𝙧𝙠𝙚𝙩. 𝙒𝙞𝙩𝙝 𝙢𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙥𝙡𝙖𝙮𝙚𝙧𝙨 𝙫𝙮𝙞𝙣𝙜 𝙛𝙤𝙧 𝙙𝙤𝙢𝙞𝙣𝙖𝙣𝙘𝙚, 𝙬𝙞𝙡𝙡 𝙬𝙚 𝙨𝙚𝙚 𝙘𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙩𝙝𝙚 𝙀𝙑 𝙩𝙬𝙤-𝙬𝙝𝙚𝙚𝙡𝙚𝙧 𝙨𝙥𝙖𝙘𝙚, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙩𝙞𝙖𝙩𝙞𝙤𝙣 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙖𝙣𝙙 𝙗𝙧𝙖𝙣𝙙 𝙡𝙤𝙮𝙖𝙡𝙩𝙮 𝙗𝙚𝙘𝙤𝙢𝙚 𝙠𝙚𝙮 𝙜𝙧𝙤𝙬𝙩𝙝 𝙙𝙧𝙞𝙫𝙚𝙧𝙨?

Source: MoneyControl - https://bit.ly/3x98gY4

𝟓. ⁠𝐁𝐚𝐣𝐚𝐣 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐟𝐢𝐥𝐞𝐬 𝐩𝐚𝐩𝐞𝐫𝐬 𝐟𝐨𝐫 𝐑𝐬 𝟕,𝟎𝟎𝟎 𝐂𝐫 𝐈𝐏𝐎

The IPO will comprise a fresh issue of equity shares worth up to Rs 4,000 crore and an offer for sale of equity shares worth Rs 3,000 crore by parent Bajaj Finance.

The proceeds will be used to augment Bajaj Housing Finance's capital base to meet future capital requirements.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘽𝙖𝙟𝙖𝙟 𝙃𝙤𝙪𝙨𝙞𝙣𝙜 𝙁𝙞𝙣𝙖𝙣𝙘𝙚'𝙨 𝙄𝙋𝙊 𝙧𝙚𝙛𝙡𝙚𝙘𝙩𝙨 𝙜𝙧𝙤𝙬𝙞𝙣𝙜 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙘𝙚 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙝𝙤𝙪𝙨𝙞𝙣𝙜 𝙛𝙞𝙣𝙖𝙣𝙘𝙚 𝙨𝙚𝙘𝙩𝙤𝙧, 𝙙𝙧𝙞𝙫𝙚𝙣 𝙗𝙮 𝙪𝙧𝙗𝙖𝙣𝙞𝙯𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝙖 𝙧𝙞𝙨𝙞𝙣𝙜 𝙢𝙞𝙙𝙙𝙡𝙚 𝙘𝙡𝙖𝙨𝙨. 𝙒𝙞𝙩𝙝 𝙢𝙤𝙧𝙚 𝙝𝙤𝙪𝙨𝙞𝙣𝙜 𝙛𝙞𝙣𝙖𝙣𝙘𝙚 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙜𝙤𝙞𝙣𝙜 𝙥𝙪𝙗𝙡𝙞𝙘, 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚𝙙 𝙘𝙖𝙥𝙞𝙩𝙖𝙡 𝙡𝙚𝙖𝙙 𝙩𝙤 𝙢𝙤𝙧𝙚 𝙖𝙛𝙛𝙤𝙧𝙙𝙖𝙗𝙡𝙚 𝙝𝙤𝙪𝙨𝙞𝙣𝙜 𝙤𝙥𝙩𝙞𝙤𝙣𝙨, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙞𝙩 𝙥𝙧𝙞𝙢𝙖𝙧𝙞𝙡𝙮 𝙗𝙚𝙣𝙚𝙛𝙞𝙩 𝙝𝙞𝙜𝙝-𝙚𝙣𝙙 𝙧𝙚𝙖𝙡 𝙚𝙨𝙩𝙖𝙩𝙚?

Source: YourStory - https://bit.ly/3KBAj5G

Got a zesty take on our tangy 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩? Discuss in comments below! ⬇️

Grapevine News Bulletin 📰

- India's imports from China increased by 13.05% to $10.28 billion in July, while exports to China fell by 9.44% to $1.05 billion, according to commerce ministry data.
- During April-July 2024-25, India's exports to China dipped by 4.54% to $4.8 billion, and imports grew by 9.66% to $35.85 billion, resulting in a trade deficit of $31.31 billion.
- Exports to countries like the UK, Germany, and South Africa contracted in July, but saw growth in the US, UAE, and the Netherlands.
- India's exports to the US rose by 3.15% to $6.55 billion in July, while imports increased by 1.43% to $3.71 billion, leading to a trade surplus of $12.2 billion during April-July 2024-25.
- Commerce Secretary Sunil Barthwal stated that the increase in imports from China is not a concern as it aligns with India's growing consumption and economic growth. 

 Source: [Economic Times](https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-imports-from-china-up-13-exports-dip-9-44-in-july/articleshow/112528612.cms)

India's Trade Dynamics with China: Imports Surge, Exports Decline

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

[Thread] Why is the Indian Public Market outperforming the US Public Market?

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Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

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