India Chart Pack Election crosses halfway stage India’s mammoth general election that began earlier this month is now past the halfway stage. Votes have been cast in 302 out of the country’s 543 constituencies, with four days earmarked for further... 24th April 2019 · 1 min read
India Chart Pack Rupee rally unlikely to last The 3% rise in the rupee against the US dollar so far in March has left it at its strongest rate since August, and means it has outperformed all other major EM currencies this month. This is related... 20th March 2019 · 1 min read
India Chart Pack Pre-election loosening to provide short-lived support Measures to loosen both fiscal and monetary policy announced this month could provide a small boost to demand in the near-term. The finance ministry made a clear bid in the interim budget to shore up... 20th February 2019 · 1 min read
India Chart Pack Government attempts to woo SMEs Election giveaways in India have been ramped up significantly this month, with small and medium-sized enterprises (SMEs) the main beneficiaries. Firms with annual sales of less than INR0.4m are now... 23rd January 2019 · 1 min read
India Chart Pack A mixed year for markets 2018 has been a mixed bag for India’s financial markets. The bond market has seen significant gyrations, only for yields to end the year virtually flat from 12 months ago. Meanwhile, the 7% rise in... 20th December 2018 · 1 min read
India Chart Pack Oil price fall to boost current account position As one of the world’s largest net importers of oil, India should be a key beneficiary of the recent slide in global oil prices. If prices remain lower, as we think likely, the oil import bill will... 21st November 2018 · 1 min read
India Chart Pack Shadow bank concerns come to the fore India’s shadow banking sector has been thrust into the spotlight over the past few weeks, triggered by news that the Infrastructure Leasing & Financial Services (IL&FS) Group is likely to miss several... 24th October 2018 · 1 min read
India Chart Pack Shifts in trade policy There have been some notable shifts in Indian policymakers’ approach to foreign trade over the past month. For a start, the continued slide in the rupee caused the government to announce measures to... 20th September 2018 · 1 min read
India Chart Pack Equities continue to scale new highs Indian equities have continued to surge in August, with the benchmark Sensex stock index rising to a fresh record high of over 38,000 today. The recent strong performance in the Sensex compared to... 20th August 2018 · 1 min read
India Chart Pack BJP defeats no-confidence vote Prime Minister Modi’s BJP comfortably defeated the vote of no-confidence initiated by opposition parties on Friday. The result isn’t a major surprise given that the BJP holds a majority in the Lok... 23rd July 2018 · 1 min read
India Chart Pack Core price pressures continue to build The Reserve Bank of India hiked its repo rate for the first time in four years earlier this month. Subsequent data showing that core consumer price inflation has risen to its highest rate since July... 26th June 2018 · 1 min read
India Chart Pack BJP still in strong position despite Karnataka setback The BJP’s failure to form a coalition despite winning by far the most seats in the Karnataka state election is a setback for the ruling national party, with the main opposition Congress and the local... 23rd May 2018 · 1 min read
India Chart Pack Economy gathering momentum Indian GDP growth hit a five-quarter high in Q4 2017, and various indicators suggest that the economy strengthened further in the first quarter of 2018. Industrial production growth last quarter may... 24th April 2018 · 1 min read
India Chart Pack Export subsidies to remain in place for some time There has been much focus over the past month on the shift towards greater trade protectionism by the US, and yet arguably the most significant development from India’s perspective was the action by... 23rd March 2018 · 1 min read
India Chart Pack Import duty hikes unlikely to aid local manufacturing Recent hikes to import duties on various goods appear to be an attempt by Prime Minister Modi and the BJP to shore up popular support ahead of a clutch of state elections this year, and the general... 23rd February 2018 · 1 min read
India Chart Pack Industry hits a sweet spot The latest data suggest that India’s industrial sector has strengthened significantly in recent months, underlining that any disruption from the introduction of the GST in mid-2017 was short-lived... 24th January 2018 · 1 min read