Join Courses
Attend Webinars
Get Free Counselling
  • Select Language
    • Hindi
    • Bengali
+91 9903 222 555
Elearnmarkets - Financial Market Learning
Join Courses Of Elearnmarkets
  • Basic Finance
  • Technical Analysis
  • Fundamental Analysis
  • Derivatives
  • Financial Planning
  • Miscellaneous
No Result
View All Result
  • Basic Finance
  • Technical Analysis
  • Fundamental Analysis
  • Derivatives
  • Financial Planning
  • Miscellaneous
No Result
View All Result
Elearnmarkets - Financial Market Learning
Home Basic Finance

Durga Puja: Snapshot of Economy this festive season!

Elearnmarkets by Elearnmarkets
October 1, 2019 - Updated on February 26, 2020
Reading Time: 5min read
2
190
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Durga Puja is the biggest festival of the year which is celebrated all over India, in different forms.

In North India, it is celebrated as Navratri whereas in Eastern India it is celebrated as Durga Puja, with theme-based pandals in almost every lane of the city of Maa Durga.

The most common thing about this festival is the essence of happiness everywhere.

While we are all in the mood to celebrate this joyous festival of Durga Puja with full excitement, the Indian Economy doesn’t seem that happy neither does the stock market.

So without taking much time, let us give you a quick give you a snapshot of the Economy this festive season!

You must have heard in news channels and read in newspapers about the economic slowdown of our country over the past few months.

The GDP growth rate of the country has reduced to 5 %, which is the slowest growth rate over the years.

Here are some reasons for the economic slowdown:

1. Real Estate

The real estate is one of the important sectors to analyse the state of the Indian economy.

The real estate sector is connected to over 250 sectors including bricks, cement, paint etc which gets affected by the gloom or boom in this sector.

According to the Reports on FMCG sector say that there has been a decrease in the Housing Price Index to 105 index points.

2. Auto Sector Crises

The automobile sector is facing its worst crises in the last 20 years.

According to Society of Indian Automobile Manufacturers (SIAM) around 300 auto dealerships have shut down their businesses.

Also, the sales of two-wheelers, cars, tractors have also declined in recent times.

3. Bank’s lending to MSME

The Bank lending to Micro, Small, and Medium enterprises (MSME) have declined from 0.7% last year to 0.6% in the June quarter.

Also, in the labor force survey released by the Government shows that the unemployment rate has made a 3-year record high of 6%.

Also the RBI consumer confidence survey shows a decline in consumer confidence in July because of the overall economic slowdown.

4. The slow pace of the FMCG sector

Also, the Fast Moving Consumer Goods (FMCG) sector have shown a decrease in the volume growth in the last quarter.

According to the reports, the Demand for FMCG in the rural sector was growing at a rate of 1.5 times as compared to the urban sector.

But now the rural demand has down or at the same level of urban growth.

The volume growth of Hindustan Lever has gone down 5.5% level compared to the volume growth of 12% last year which can be seen in the annual report of HUL

Due to all these domestic as well as the global crises in the different sectors, the stock market is also getting affected.

Amidst all the crises in different sectors and volatility in the stock market, it’s better to take out time to analyse the market.

With the India VIX, an index that measures investors’ fear rising to 4.1%we can see that this month has historically been the most volatile month.

Meanwhile, you can take the benefit of our grand Financial Literacy Mahotsav and Financial Analytics Mahotsav.

To know more about the Financial Literacy Mahotsav, you can watch the video below:

  • You can avail 35% off on Webinars, Code- LOOT35

  • You can avail 35% off on the Recorded courses, Code- LOOT35

  • You can avail 15% off on Live courses , Code- LOOT15

  • You can also avail 25% off on Annual Membership and StockEdge Club, Code- LOOT25

Enjoy Pandal Hopping this Durga Puja but also take some time out to improve your trading strategies and gaining knowledge on different areas of the stock market.

Wishing you all a Happy Durga Puja!

Happy Learning!

Tags: automobilebanksbasicFMCG sectorinvestingreal estatestock market
ShareTweetShare
Subscribe To Updates On Telegram Subscribe To Updates On Telegram Subscribe To Updates On Telegram
Previous Post

5 Simple Tips for Managing Your Personal Finance

Next Post

Follow 50/30/20 Rule – A perfect way to start Savings

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Basic Finance

8 Stock Market Abbreviations you must know

February 20, 2021
327
Basic Finance

The Past and Future of the Indian IPO Market

February 2, 2021
312
Basic Finance

Performance of Stock Market 2020 and Expectations in 2021

January 19, 2021 - Updated on January 20, 2021
751
Basic Finance

Retail Trading Benefits – Why to opt for Retail Investing?

December 24, 2020 - Updated on December 26, 2020
985

Comments 2

  1. Priya says:
    1 year ago

    Very Nice and Informative Blog.
    I also celebrated Durga Puja in home kolkata.

    Reply
    • Sakshi Agarwal says:
      1 year ago

      Hi Priya,

      Thank you for Reading!

      Keep Reading!

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Download App

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

GET ARTICLES ON EMAIL

Enter your email address:

Categories

  • Banking
  • Basic Finance
  • Bonds & Fixed Income
  • Budgeting & Savings
  • Capital Markets
  • Charts
  • Charts, Patterns & Indicators
  • Commodity, Currency & FOREX Market
  • Derivatives
  • ETFs & Mutual Funds
  • Financial Planning
  • Financial Statement Analysis
  • Fundamental Analysis
  • Macroeconomics
  • Market Analysis
  • Market Updates
  • Market Wrap
  • Marketshala
  • Miscellaneous
  • Open Interest
  • Personal Wealth
  • Retirement Planning
  • Sector Analysis
  • Tax Planning
  • Technical Analysis
  • Trading Terms, Rules & Strategies
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

© 2020 Elearnmarkets All Rights Reserved

No Result
View All Result
  • Article Categories
  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Market Analysis
  • Miscellaneous
  • Technical Analysis
  • Select Language
    • Hindi
    • Bengali
  • Learn finance
  • Browse Courses
  • Webinars
  • Free Guides
  • Get Free Counselling

© 2020 Elearnmarkets All Rights Reserved