India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) CPI inflation dropped back to a fraction above the RBI’s long-term target in January, its lowest since 2019. It should remain well inside the target band over coming months as easing supply... 12th February 2021 · 2 mins read
India Data Response India Services & Composite PMI (Jan.) India’s PMI readings for January suggest that the economy is still rebounding and, with fiscal policy finally being loosened significantly, a decent recovery over the coming quarters looks a stronger... 3rd February 2021 · 2 mins read
India Data Response India Manufacturing PMI (Jan. 2021) India's manufacturing PMI reading edged up in January but, given signs elsewhere that the industrial recovery has lost a bit of steam, policymakers should still be aiming to provide support to the... 1st February 2021 · 2 mins read
India Data Response Core Infrastructure Industries (Dec.) India’s core infrastructure industries index didn’t improve much in December, which suggests that the industrial rebound lost some steam in Q4 and underscores the need for policymakers to provide... 29th January 2021 · 2 mins read
India Data Response India Wholesale Prices (Dec.) The drop in headline wholesale price inflation in December was driven by a sharp fall in food inflation, while core inflation rose. Nevertheless, taken alongside the sharp drop in CPI inflation last... 14th January 2021 · 2 mins read
India Data Response Consumer Prices (Dec.) & Industrial Production (Nov.) The drop in India’s consumer price inflation in December strengthens our view that monetary policy will remain very loose for a long time to come, and could even be enough to trigger a policy rate cut... 12th January 2021 · 2 mins read
India Data Response India Services & Composite PMI (Dec.) India’s PMI readings were a mixed bag in December but are still consistent with a continued economic recovery across Q4 as a whole. Further improvements should follow, especially given promising COVID... 6th January 2021 · 2 mins read
India Data Response Manufacturing PMI (Dec.) India’s manufacturing PMI reading for December points to a continued rebound in the sector at the end of last year. And the recovery could gain further momentum if COVID-19 vaccines are successfully... 4th January 2021 · 2 mins read
India Data Response Consumer Prices (Nov.) The drop in India’s consumer price inflation in November is likely to mark the start of a broader easing of price pressures. That would allow the RBI to keep monetary policy loose for some time to... 14th December 2020 · 2 mins read
India Data Response India Wholesale Prices (Nov.) The rise in headline wholesale price inflation in November was driven by a further acceleration in core inflation but this could go into reverse soon, especially if a COVID-19 vaccine is successfully... 14th December 2020 · 2 mins read
India Data Response Industrial Production (Oct.) Industrial production rose by more than most had anticipated in October and is now growing as fast in y/y terms as it was before the pandemic hit. A near-term slowdown is a possibility but the outlook... 11th December 2020 · 2 mins read
India Data Response Services & Composite PMI (Nov.) India’s PMI readings edged down in November but still point to a continued economic recovery last month. This is likely to remain the case over the coming months as COVID-19 restrictions gradually get... 3rd December 2020 · 2 mins read
India Data Response India Manufacturing PMI (Nov.) The drop in India’s manufacturing PMI in November comes as no surprise given that it hit a decade high in October. The big picture is that the reading is still consistent with a decent recovery in... 1st December 2020 · 2 mins read
India Data Response GDP (Q3) The y/y slump in Indian GDP eased substantially in Q3 (Q2 of FY20/21), but output was still 9% below its pre-virus level last quarter. Looking ahead, encouraging news on vaccines has brightened the... 27th November 2020 · 2 mins read
India Data Response Wholesale Prices (Oct.) The rise in headline wholesale price inflation in October was largely the result of a jump in core inflation, which adds to the evidence from the latest CPI data that underlying price pressures are... 16th November 2020 · 2 mins read
India Data Response Consumer Prices (Oct.) Headline consumer price inflation jumped in October further above the RBI’s 4% target, which removes the remote possibility of a rate cut at next month’s MPC meeting. But there are still reasons to... 12th November 2020 · 2 mins read
