Insights

Electricity consumption data and company commentary suggest India’s summer power demand is becoming structurally broader than residential cooling alone

Operational data disruptions widened forecast dispersion in Q4 FY2026, offering a real-world stress test for Thurro’s nowcasting framework.

Companies with pricing power and supply-chain flexibility absorbed the disruption better than firms dependent on imported inputs or fixed pricing

Higher discounts come with wider price variation across platforms, with averages masking how inconsistent actual prices are across products and locations

March clocks in a record month even as behaviour, ticket sizes, and market structure show clear signs of stabilisation and equilibrium

Electricity generation remains insulated from crude shocks—but logistics constraints are creating localised shortages

The Reserve Bank of India held the repo rate at 5.25%, maintaining a neutral stance amid rising external risks

Collections reflect lower effective tax rates post GST 2.0, while goods-side activity remains strong

Credit card growth is shifting from issuance to usage, with rising transaction intensity,
declining ticket sizes, and increasing concentration among large issuers

Recent SIP cohorts face negative returns after peak-period entries, even as sustained inflows indicate investor behaviour has not yet adjusted to the ongoing correction

India’s import vulnerability is not limited to oil but extends to critical inputs that can constrain production and transmit stress across the economy

DMart’s online catalogue shows higher-priced brands could drive basket growth, while discounts remain stable and price trends vary across categories