India Data Response Current Account (Q3) Data released today show that India’s current account deficit widened again in Q3, but we doubt that policymakers will be too concerned. 8th December 2014 · 1 min read
India Data Response Manufacturing PMI (Nov.) India’s manufacturing PMI increased in November, but conditions are still subdued by past standards. Looking ahead, with progress on creating a favourable business environment remaining slow, the... 1st December 2014 · 1 min read
India Data Response GDP (Q3) Q3 GDP data released today underline that the economy has remained lacklustre in the early stages of PM Modi’s tenure, and add to the case for the RBI to begin cutting interest rates as soon as at... 28th November 2014 · 1 min read
India Data Response Trade (Oct.) Given the recent sharp falls in global oil prices, the relatively small narrowing of India’s trade deficit in October is disappointing. A renewed slump in exports is to blame. Looking ahead... 17th November 2014 · 1 min read
India Data Response Wholesale Prices (Oct.) The sharp drop in WPI inflation in October adds to evidence of fading price pressures. It also supports our long-held view that the RBI could begin to cut interest rates earlier than many seem to... 14th November 2014 · 1 min read
India Data Response Consumer Prices (Oct.) & Industrial Production (Sep.) Today’s inflation and industrial output data were both encouraging, but policymakers will focus mainly on evidence of fading price pressures. Given this, an early start to the RBI’s policy loosening... 12th November 2014 · 1 min read