India Data Response GDP (Q2) At face value, today’s GDP figures for Q2 suggest that India matched China as the world's fastest-growing major economy last quarter. But the GDP data remain inconsistent with numerous other... 31st August 2015 · 1 min read
India Data Response Wholesale Prices (Jul.) Wholesale price inflation dropped sharply in July to its lowest rate since the series began. This substantially increases the chance of the Reserve Bank of India cutting interest rates in another... 14th August 2015 · 1 min read
India Data Response Consumer Prices (Jul.) & Industrial Production (Jun.) The sharp drop in Indian inflation in July was due in large part to favourable base effects, and is therefore unlikely to have much bearing on upcoming policy decisions. The Reserve Bank has stated... 12th August 2015 · 1 min read
India Data Response Manufacturing PMI (Jul.) India’s manufacturing PMI increased in July, but conditions are still subdued by past standards. Looking ahead, with progress on creating a favourable business environment remaining slow, a sustained... 3rd August 2015 · 1 min read
India Data Response Wholesale Prices (Jun.) Wholesale price inflation was broadly unchanged in June, remaining firmly in negative territory and close to its lowest rate since the series began. Importantly, core inflation fell further, pointing... 14th July 2015 · 1 min read
India Data Response Consumer Prices (Jun.) June’s rise in consumer price inflation was primarily the result of a sharp fall in food prices a year ago rather than any recent increase in inflation pressures. It should not put the Reserve Bank... 13th July 2015 · 1 min read
India Data Response Industrial Production (May) The weakening of India’s industrial production in May reinforces our view that, despite recent signs of recovery, the sector continues to face significant headwinds. 10th July 2015 · 1 min read
India Data Response Manufacturing PMI (Jun.) The drop in India’s manufacturing PMI reading in June highlights the fact that, despite recent signs of a recovery in activity, local industry continues to face significant headwinds. 1st July 2015 · 1 min read
India Data Response Trade (May) India's trade data for May are a mixed bag, with the trade deficit narrowing despite another contraction in export growth. The big picture, however, is that India's external position is far less a... 16th June 2015 · 1 min read
India Data Response Wholesale Prices (May) Wholesale price inflation edged up in May, but it remains firmly in negative territory and close to its lowest rate since the series began in 2005. Importantly, core inflation fell further, providing... 15th June 2015 · 1 min read
India Data Response Consumer Prices (May) & Industrial Production (Apr.) Consumer price inflation edged up in May but not enough to put the Reserve Bank’s inflation target under threat. 12th June 2015 · 1 min read
India Data Response GDP (Q1) At face value, today’s GDP data for Q1 suggest that India is the fastest-growing major economy in the world. But the GDP data remain wildly inconsistent with numerous other indicators that point to... 29th May 2015 · 1 min read
India Data Response Wholesale Prices (Apr.) Wholesale price inflation recorded another large drop in April, to its lowest rate since the series began in 2005. Importantly, as the consumer price data released on Tuesday also showed, core... 14th May 2015 · 1 min read
India Data Response Consumer Prices (Apr.) & Industrial Production (Mar.) The drop in consumer price inflation in April was due in large part to a decline in food price pressures, but perhaps the more significant point for the Reserve Bank is that core inflation remains low... 12th May 2015 · 1 min read
India Data Response Manufacturing PMI (Apr.) India’s manufacturing PMI dropped in April, underpinning the difficulties facing the sector. Looking ahead, with progress on creating a favourable business environment remaining slow, a boom in... 4th May 2015 · 1 min read
India Data Response Trade (Mar.) Data released today show that India’s trade deficit widened in March, but remained at sustainable levels. The more worrying aspect is the collapse in exports, which leaves the government’s longer term... 17th April 2015 · 1 min read