India Chart Pack Two major reasons for cheer Over the past month, two key developments in India have given investors reason to cheer. The first is the passage of the long-awaited Goods and Services Tax (GST) bill, which could bring huge benefits... 23rd August 2016 · 1 min read
India Chart Pack Capital injections too small to revive banking sector The government’s announcement this week that it will inject more capital into local banks is a positive step, but the amount is still too limited to revive the ailing sector. 22nd July 2016 · 1 min read
India Chart Pack Fallout from Brexit vote would be limited A vote by the UK to leave the European Union in tomorrow's referendum would be unlikely to have much impact on India's economy. Indian exports to the UK are equivalent to less than 0.5% of GDP, so... 22nd June 2016 · 1 min read
India Chart Pack PM Modi's first two years end on a high note Two years on from his inauguration, Prime Minister Narendra Modi has arguably just enjoyed his most successful month in office. For a start, PM Modi's BJP secured two important legislative victories... 25th May 2016 · 1 min read
India Chart Pack Banking sector still requires wider reform Recent policy tweaks from the RBI should help at the margins to boost bank lending, which has been moribund over the past few years. Most obviously, the 25bp rate cut this month means that the repo... 22nd April 2016 · 1 min read
India Chart Pack Stars align for another modest rate cut Developments over the past month have paved the way for the Reserve Bank of India to deliver another modest interest rate cut in its April meeting. For a start, the finance ministry pledged to... 23rd March 2016 · 1 min read
India Chart Pack “Make in India” 2.0 still little more than a sound bite Prime Minister Narendra Modi's revamped “Make in India” programme aimed at turning the country into a global manufacturing and export powerhouse got off to a high-profile start during last week’s... 23rd February 2016 · 1 min read
India Chart Pack Sensex slumps to pre-Modi levels The past month has seen India's benchmark Sensex stock index drop to its lowest level since the inauguration of Prime Minister Modi in May 2014. The latest slump is linked to the global equity sell... 22nd January 2016 · 1 min read
India Chart Pack Reform agenda fails to launch in 2015 On the face of it, 2015 has been a decent year for the Indian economy. Admittedly, activity indicators are pointing to a slow and bumpy recovery, but conditions have undoubtedly improved following... 23rd December 2015 · 1 min read
India Chart Pack State elections, strikes, and civil servant salaries Prime Minister Modi has spent much of November on official visits to the UK and Singapore, but a number of domestic issues have made this a month that he will want to forget. 23rd November 2015 · 1 min read
India Chart Pack BJP facing tough battle in Bihar Prime Minister Modi and the BJP face an uphill battle in their attempts to win the ongoing election in the state of Bihar. From an economic perspective, the Bihar vote is important for two key reasons... 21st October 2015 · 1 min read
India Chart Pack FM Jaitley is playing a risky game India’s Finance Ministry continues to tread on dangerous ground by becoming increasingly vocal in its calls for further monetary easing. Most recently in an interview over the weekend, Finance... 22nd September 2015 · 1 min read
India Chart Pack A missed opportunity The monsoon session of parliament, which concluded last week, has ended up being one of the biggest disappointments of Prime Minister Modi’s tenure so far, with virtually no progress made on pushing... 21st August 2015 · 1 min read
India Chart Pack Rupee weakness unlikely to concern policymakers The recent weakness of the rupee, which has fallen by more than 1.5% against the US dollar in the past couple of weeks, is unlikely to worry policymakers. For a start, the fall in the rupee is a... 28th July 2015 · 1 min read
India Chart Pack Tentative signs of recovery Some of India's latest activity data are showing signs of improvement. For example, industrial production has accelerated over the past few months. Measures of expenditure and income tell a similar... 23rd June 2015 · 1 min read
India Chart Pack Modi's first year: sparks but no fireworks As Prime Minister Modi's first year in office draws to a close, our view that the economic reform agenda would fall short of (at times frenzied) expectations appears to have been proved correct for... 22nd May 2015 · 1 min read