India Data Response Wholesale Prices (Apr.) Indian wholesale price inflation rose sharply in April and returned to positive territory for the first time in 18 months. This reinforces our view that there is little scope for further monetary... 16th May 2016 · 1 min read
India Data Response Consumer Prices (Apr.) & Industrial Production (Mar.) Indian consumer price inflation rose above the Reserve Bank’s target for March 2017 last month, supporting our view that the scope for further loosening is very limited. 12th May 2016 · 1 min read
India Data Response Manufacturing PMI (Apr.) The drop in India's manufacturing PMI in April provides another reminder that local industry continues to face significant headwinds. 2nd May 2016 · 1 min read
India Data Response Wholesale Prices (Mar.) Wholesale price inflation was virtually unchanged in March but, looking ahead, we think that it will return to positive territory over the next couple of months. 18th April 2016 · 1 min read
India Data Response Consumer Prices (Mar.) & Industrial Production (Feb.) The drop in Indian consumer price inflation in March is likely to fuel talk of more interest rate cuts, but we think that the scope for further loosening still looks very limited. 12th April 2016 · 1 min read
India Data Response Manufacturing PMI (Mar.) India's manufacturing PMI rose in March but, taking Q1 as a whole, the sector's performance remained lacklustre. Over the longer term, local manufacturers continue to face significant structural... 4th April 2016 · 1 min read
India Data Response Consumer Prices (Feb.) Indian consumer price inflation dropped in February as food price pressures abated. However, the RBI still faces a difficult task in meeting its inflation targets for the next two years. 14th March 2016 · 1 min read
India Data Response Wholesale Prices (Feb.) Wholesale price inflation held steady in February, but we think that it will return to positive territory over the next couple of months. 14th March 2016 · 1 min read
India Data Response Industrial Production (Jan.) Today’s industrial production data suggest that output has continued to contract at the start of this year. The continued struggles of industry cast a dark cloud over the Modi government’s efforts to... 11th March 2016 · 1 min read
India Data Response Manufacturing PMI (Feb.) India's manufacturing PMI remained unchanged at a low level in February. The big picture is that local industry continues to face significant structural constraints. 1st March 2016 · 1 min read
India Data Response Wholesale Prices (Jan.) Wholesale price inflation unexpectedly dropped in January but, looking ahead, it still looks set to return to positive territory in Q1. 15th February 2016 · 1 min read
India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) Today’s CPI data for January confirm that the Reserve Bank was successful in meeting its near-term inflation target but also highlight the difficult task the RBI faces in achieving its medium-term... 12th February 2016 · 1 min read
India Data Response GDP (Q4) Today’s release of another set of strong GDP data alongside upward revisions to earlier quarters’ growth rates is more likely to deepen doubts about the quality of the official data than improve... 8th February 2016 · 1 min read
India Data Response Manufacturing PMI (Jan.) India's manufacturing PMI rose at the start of 2016, but the reading remains weak by past standards. The big picture is that local industry continues to face significant structural headwinds. 1st February 2016 · 1 min read
India Data Response Wholesale Prices (Dec.) Wholesale price inflation picked up in December and, looking ahead, we think that it will rise further, returning to positive territory early this year. 14th January 2016 · 1 min read
India Data Response Consumer Prices (Dec.) & Industrial Production (Nov.) India’s consumer price inflation accelerated in December. While this doesn’t put the RBI’s inflation target for January 2016 under threat, it does highlight the difficult task the RBI faces in meeting... 12th January 2016 · 1 min read