India Rapid Response India Consumer Prices (Oct. 2024) Another bigger-than-expected jump in headline consumer price inflation last month will be enough to convince a majority of MPC members that conditions are not yet right to begin easing policy. We now... 12th November 2024 · 2 mins read
India Rapid Response India Consumer Prices (Sep. 2024) The jump in India’s headline CPI inflation in September was larger than had generally been expected including by the RBI, so it raises the chances of the central bank proceeding with more caution. But... 14th October 2024 · 2 mins read
India Rapid Response India Consumer Prices (Aug. 2024) The slight rise in India’s headline CPI inflation in August reinforces our view that the Reserve Bank will proceed with a bit of caution and keep rates unchanged in its next meeting in October. But it... 12th September 2024 · 2 mins read
India Rapid Response Growth slowing, but economy still strong GDP figures for Q2 show a sharper-than-expected slowdown in India’s economy. Looking ahead, we expect economic activity to moderate a bit further over the coming quarters. But the big picture is that... 30th August 2024 · 2 mins read
India Rapid Response India Consumer Prices (Jul. 2024) The drop in headline consumer price inflation to a one-year low in July should reassure the RBI that June’s surprise jump was a one-off and that the disinflationary trend remains intact. We therefore... 12th August 2024 · 2 mins read
India Rapid Response RBI Policy Announcement (Aug. 2024) The recent market turmoil didn’t move the needle for the MPC today: it continued to strike a hawkish tone as the majority of members voted to keep the repo rate unchanged at 6.50%. But with inflation... 8th August 2024 · 2 mins read
India Rapid Response India Consumer Prices (Jun. 2024) The surprise jump in headline consumer price inflation last month will be enough to convince any MPC members who may have been leaning toward rate cuts at the August policy meeting that conditions are... 12th July 2024 · 2 mins read
India Rapid Response India Consumer Prices (May 2024) Consumer price inflation came in cooler than most expected last month, which should reassure the RBI as it considers when to begin its easing cycle. We remain comfortable with our long-held view that... 12th June 2024 · 2 mins read
India Rapid Response RBI Policy Announcement (June 2024) The RBI kept the repo rate on hold at 6.50% today as expected but, notably, two of out of the six MPC members voted for a cut. With inflation likely to continue falling over the coming months, we... 7th June 2024 · 2 mins read
India Rapid Response India General Election 2024 Narendra Modi appears well on course for a third consecutive term as India’s Prime Minister according to exit polls that project another big parliamentary majority for the BJP. 2nd June 2024 · 2 mins read
India Rapid Response India GDP (Q1 2024) The GDP figures for Q1 confirm that India’s economy slowed a touch at the start of the year but was nonetheless still booming on the eve of the general election. Looking ahead, we expect economic... 31st May 2024 · 2 mins read
India Rapid Response India Consumer Prices (Apr. 2024) Headline consumer price inflation edged down in April to an 11-month low and, looking ahead, we think it will reach the RBI’s 4% long-term target by the middle of the year. We remain comfortable with... 13th May 2024 · 2 mins read
India Rapid Response India Flash Composite PMI (Apr. 2024) The flash composite PMI reading for April suggests that the strength of economic activity over the past few quarters has continued through to the eve of the election. Looking ahead, while growth is... 23rd April 2024 · 2 mins read
India Rapid Response India Consumer Prices (Mar. 2024) The fall in headline consumer price inflation in March to a 10-month low will comfort policymakers and, looking ahead, we think headline inflation will reach the RBI’s 4% long-term target by the... 12th April 2024 · 2 mins read
