Market Stories in Charts | Week of 10th April 2023

Data discoveries of the week, presented in charts. This week, we throw light on the US fed rates expectation, credit and debit card spending in US households, performance of Silver with Stocks during Recessions, top credit card issuers in India and more.

 

  1. RBI released its Provisional data for ATM, Acceptance Infrastructure and Card Statistics for the Month of February 2023. These are the top credit card issuers by share and numbers ??

 

2. According to data by the National Payments Corporation of India (NPCI), UPI saw a huge surge as monthly transaction volume crossed 8.7 billion in March 2023, a massive 60 % growth over Feb. In terms of value, UPI reached ₹14.05 trillion, a growth of 46%. In FY 2022-23, UPI saw ~ 84 billion transactions (up 82% from last year), amounting to ₹139.09 trillion (up 65% from last year). We chart a 6-month value and volume trend ??

 

3. Gross GST revenue collected for March 2023 was ₹1,60,122 crore, the 2nd highest collection ever.  India also saw monthly GST revenues of > ₹1.4 lakh crore for 12 months in a row. The gross revenues in 2022-23 were 22% higher than that last year. A look at state-wise GST collections for March 2023.

 

4. These countries have the largest proven coal reserves.

 

5. Interest expense on US Public Debt touched $812 billion by Dec 2022. Continuing on the same trajectory, it could soon surpass Social Security as the largest expense of the US govt.

 

6. Comparing the performance of Silver with Stocks during Recessions ?

 

7. The 20-year trend of the purchasing power of USD shows a ~40% fall.

 

8. For 2023, the EPS estimate for S&P 500 is $216, down $2 from 2022.

 

9. US Money market fund AUM surges above $5.1tn, its highest ever.

 

10. US headline inflation fell to 5.0% in March, while core consumer price inflation ROSE to 5.6%.

 

11. UK could avoid recession, but growth still crawling

 

12. Where in India did #SharkTank pitches come from?

 

13. Here’s what the market expects the US Fed rate would be. Looks like it expects another hike before a pause and fall.

 

14. BoFA data credit and debit card spending per US household.

 

15. We sign off this week with this incredible picture. Here’s what it took to store 5MB of data in 1966! These are punch cards.

 

Interested in how we think about the markets?

 

Read more: Zen And The Art Of Investing

 

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