India Rapid Response India Flash Composite PMI (Mar. 2024) The flash composite PMI reading for March suggests that the economy continues to perform exceptionally well. While growth is likely to moderate over the coming quarters, India will remain a global... 21st March 2024 · 2 mins read
India Rapid Response India Consumer Prices (Feb. 2024) Headline consumer price inflation held steady at 5.1% y/y in February and looking ahead, we think it will take a few more months before it reaches the RBI’s 4% long-term target. That suggests to us... 12th March 2024 · 2 mins read
India Rapid Response India GDP (Q4 2023) The GDP data for Q4 confirm that India’s economy ended last year with a bang. Looking ahead, we expect economic activity to moderate over the coming quarters but it should still remain exceptionally... 29th February 2024 · 2 mins read
India Rapid Response India Flash Composite PMI (Feb. 2024) The flash composite PMI reading for February suggests that the economy continues to perform exceptionally well. Looking ahead, while growth in both the manufacturing and services sectors is likely to... 22nd February 2024 · 2 mins read
India Rapid Response Consumer Prices (Jan.) In the context of its continued hawkish communications, we doubt that the drop in headline consumer price inflation in January will be enough to convince the RBI to pivot yet. But it is clear that... 12th February 2024 · 2 mins read
India Rapid Response RBI Policy Announcement (Feb.) The RBI kept the repo rate on hold at 6.50% today as expected and continued to strike a hawkish tone. With the economy holding up well and inflation to remain above the 4% target for a few more months... 8th February 2024 · 2 mins read
India Rapid Response Manufacturing PMI (Jan.) The final manufacturing PMI reading for January suggests that activity got off to a strong start this year. Looking ahead, while manufacturing output is likely to moderate in the coming months, it... 1st February 2024 · 2 mins read
India Rapid Response Consumer Prices (Dec.) The rise in headline consumer price inflation to a four-month high in December supports our view that the central bank will be in no rush to loosen policy. We expect rate cuts to materialise in the... 12th January 2024 · 2 mins read
India Rapid Response Manufacturing PMI (Dec.) The manufacturing PMI survey for December suggests that activity lost some momentum at the end of 2023. That said, we think that growth in the sector is likely to hold up well in 2024 and that India... 3rd January 2024 · 2 mins read
India Rapid Response Consumer Prices (Nov.) Headline consumer price inflation rose to a three-month high of 5.6% y/y in November amid a renewed rise in food price inflation and the timely daily data point to a further uptick in December. This... 12th December 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Nov.) The manufacturing PMI survey for November suggests that activity continues to remain strong in Q4. The economy is on course to grow by 7.0% this year, a pick up from 6.7% last year. 1st December 2023 · 2 mins read
India Rapid Response GDP (Q3) The RBI had stated that the GDP data for Q3 (Q2 of FY23/24) would “surprise everyone on the upside” and, even despite that spoiler, the data came in much stronger than expectations. While economic... 30th November 2023 · 2 mins read
India Rapid Response Consumer Prices (Oct.) Headline consumer price inflation edged down to a four-month low of 4.9% y/y in October, but that’s already old news given the renewed surge in vegetable prices so far in November. 13th November 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Oct.) The manufacturing PMI survey for October suggests that activity lost some momentum at the start in Q4. We think that the sector will continue to slow over the coming months as the impact of higher... 1st November 2023 · 2 mins read
India Rapid Response Consumer Prices (Sep.) & Industrial Production (Aug.) Headline consumer price inflation dropped back sharply to within the RBI’s 2-6% target range in September. But the central bank is unlikely to shift away from its hawkish rhetoric for as long as there... 12th October 2023 · 2 mins read
