The AI Boom Is Changing Hands
The AI Boom Is Changing Hands For much of the last three years, the AI story looked deceptively…
July 2026Stat 2.1 – Monthly Data Dive of 10 essential charts shaping the markets
From fiscal trends to retail participation and valuation cycles, here are a few signals that stood out:
- Direct tax collections continue to grow, while indirect taxes show early signs of softness.
- Government expenditure is rising steadily, with capex growth far outpacing overall spend.
- The value of securities held in demat accounts has grown fivefold to ₹535 trillion — now ~165% of GDP.
- Hotel demand in India continues to outstrip supply, supporting sector pricing power.
- Recent PSU value creation has been driven by earnings growth rather than valuation re-rating.
- The US yield curve is steepening as long-term yields rise even while policy rates ease.
- Active equity inflows into NFOs reflect market cycles — rising in strong phases, moderating otherwise.
- SIP inflows continue their structural uptrend, reinforcing sticky retail equity participation.
Also in the deck:
– Price remains a key decision factor, even as EV buyers show willingness to pay a premium
– US equity valuations look elevated in isolation, but are supported by strong margins and ROE in the AI cycle
Swipe through the full deck for charts, data, and our sources.
You can also download the PDF file by clicking here
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