Goldman Sachs
June 21, 2026
India Monthly Activity Chartbook
Monthly UpdateEquitiesRates CreditMacro Economic IndicatorsEnergyMaterials
The report highlights a moderation in Indian consumption activity in May following recent fuel price hikes. Investment indicators remain mixed, with specific sectors showing supply-side recovery alongside persistent consumption risks.
Key Takeaways
- 1.Consumption activity moderated in May following fuel price hikes.
- 2.Investment activity remains mixed with declining bitumen consumption but improving steel production.
- 3.The pace of FII equity outflows has slowed, while debt securities saw inflows after tax exemptions.
Table of Contents
- Consumption: Moderation in activity
- Investment: Mixed signals in activity
- Flows: The pace of equity outflows has reduced, while debt securities saw inflows
- Summary of monthly high-frequency activity indicators
- Labour market indicators
- External, and other high frequency indicators
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Authors
Santanu SenguptaArjun Varma
Themes
Consumption ModerationInvestment Mixed ActivityEnergy Price Impact
Regions
Asia PacificIndia
