India Data Response Wholesale Prices (Mar.) Wholesale price inflation fell further into negative territory in March to its lowest rate since the series began in 2005. Crucially, core inflation continues to drop sharply, providing more evidence... 15th April 2015 · 1 min read
India Data Response Consumer Prices (Mar.) Consumer price inflation unexpectedly dropped in March as concerns over the impact of heavy rains on food inflation proved unfounded. What’s more, core inflation remains low, and headline inflation is... 13th April 2015 · 1 min read
India Data Response Manufacturing PMI (Mar.) India’s manufacturing PMI edged up in March, but the bigger picture is that conditions are still subdued by past standards. Looking ahead, with progress on creating a favourable business environment... 3rd April 2015 · 1 min read
India Data Response Wholesale Prices (Feb.) Wholesale price inflation dropped further into negative territory in February to its lowest rate since the series began in 2005. This was in part due to falling oil prices, but low core inflation... 16th March 2015 · 1 min read
India Data Response Consumer Prices (Feb.) & Industrial Production (Jan.) Consumer price inflation picked up in February, having already increased sharply since late 2014. But the rebound has been driven entirely by food prices. Core inflation remains low and flat. The... 12th March 2015 · 1 min read
India Data Response Current Account (Q4) India’s current account deficit narrowed in Q4 and remains far smaller than in 2013 when the rupee plunged to record lows against the US dollar. With this improvement set to be maintained, there is... 10th March 2015 · 1 min read
India Data Response Wholesale Prices (Jan.) Wholesale price inflation dropped into negative territory in January to its lowest rate since June 2009. In particular, the sharp fall in core inflation adds to evidence elsewhere of increasing... 16th February 2015 · 1 min read
India Data Response Trade (Jan.) India’s trade deficit narrowed in January as the sharp fall in global oil prices continued to feed through to the import bill. The smaller deficit provides the central bank with further scope to... 13th February 2015 · 1 min read
India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) Unlike the recently revised GDP data, the rebasing of India’s consumer price data appears to have done little to alter the headline numbers. The big picture is that inflation is still comfortably... 12th February 2015 · 1 min read
India Data Response GDP (Q4) At face value, today’s GDP data for Q4 suggest that India’s economy slowed at the end of 2014, but that it is still growing faster than China’s. However, the GDP calculations under the new methodology... 9th February 2015 · 1 min read
India Data Response Trade (Dec.) Following the RBI’s decision to cut interest rates at an unscheduled meeting earlier today, data showing that the trade deficit narrowed in December underline that the central bank has scope to loosen... 15th January 2015 · 1 min read
India Data Response Wholesale Prices (Dec.) Wholesale price inflation edged up in December, but the big picture is that it remains close to five-year lows. What's more, our proxy for core WPI dropped sharply last month, suggesting that domestic... 14th January 2015 · 1 min read
India Data Response Consumer Prices (Dec.) & Industrial Production (Nov.) The rise in consumer price inflation in December was due in large part to price falls a year ago rather than any increases recently. The more significant point is that inflation remains subdued by... 12th January 2015 · 1 min read
India Data Response Trade (Nov.) India’s trade deficit widened in November as a pick-up in exports wasn’t enough to offset a renewed surge in gold imports. But the overall deficit still remains at sustainable levels, and should... 15th December 2014 · 1 min read
India Data Response Wholesale Prices (Nov.) Wholesale price data for November out today provide more evidence of disinflationary pressures following the release of last month’s CPI data on Friday, and build on the case for the RBI to begin... 15th December 2014 · 1 min read
India Data Response Consumer Prices (Nov.) & Industrial Production (Oct.) Today’s data show that consumer price inflation dropped to its slowest pace on record in November. With the latest numbers also showing continued weakness in industrial output, the case for policy... 12th December 2014 · 1 min read