India Rapid Response RBI Policy Announcement (Oct.) The RBI kept the repo rate on hold at 6.50% today as expected and continued to strike a hawkish tone despite the recent easing in headline inflation. There is still a significant risk of the easing... 6th October 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Sep.) India’s manufacturing PMI moderated in September but remained high. However, there are reasons to think a further slight cooling in manufacturing activity lies in store over the coming months. 3rd October 2023 · 2 mins read
India Rapid Response Consumer Prices (Aug.) & Industrial Production (Jul.) The drop in headline consumer price inflation in August should provide some welcome relief for the RBI. But while we expect inflation to grind lower over the coming months, a severe El Niño and... 12th September 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Aug.) India’s manufacturing PMI is again defying gravity, recording one of its highest readings in the past 13 years in August. It’s clear that the economy has been very resilient in recent months but we’d... 1st September 2023 · 2 mins read
India Rapid Response GDP (Q2) The GDP data for Q2 (Q1 of FY23/24) confirm a resilient first half of the year for India’s economy in the face of the RBI’s policy tightening. More timely data point to a slight cooling in growth but... 31st August 2023 · 2 mins read
India Rapid Response Consumer Prices (Jul.) Headline consumer price inflation accelerated to a 15-month high of 7.4% y/y in July amid the surge in food price inflation. While the RBI expects the sharp increase in food prices to prove transitory... 14th August 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Jul.) India’s manufacturing PMI edged down in July to a three-month low, and we expect higher rates and subdued global demand to weigh more substantially on manufacturing activity over the coming months. 1st August 2023 · 2 mins read
India Rapid Response Consumer Prices (Jun.) Headline consumer price inflation came in at 4.8% y/y in June, comfortably within the RBI’s 2-6% tolerance range. But that’s already old news given the surge in vegetable prices so far in July and the... 12th July 2023 · 2 mins read
India Rapid Response Manufacturing PMI (Jun.) India’s manufacturing PMI edged down in June after reaching a 31-month high in the previous month. This points to slight cooling in growth in the manufacturing sector and we think further slowdown... 3rd July 2023 · 2 mins read
