India Economics Update Finance Ministry continues to show fiscal restraint Finance Minister Nirmala Sitharaman has shown a commitment to fiscal consolidation while for the most part placating the BJP’s coalition partners in today’s FY24/25 Union Budget announcement. There is... 23rd July 2024 · 3 mins read
India Economics Weekly What to watch for in the Union Budget The full Union Budget for FY24/25 - which will be unveiled on Tuesday - will provide an important indication of how much the BJP is willing to concede to its coalition partners. It will also give an... 19th July 2024 · 3 mins read
Commodities Update Gold jewellery to lose its lustre under high prices Gold jewellery demand has been highly sensitive to price changes in the past and so will come under pressure from the current backdrop of record high gold prices. Income growth in key markets will... 17th July 2024 · 3 mins read
India Economics Update New forecasts for inflation and policy rates The upside surprise to headline consumer price inflation last month has all but ended hopes of a rate cut at the RBI’s August policy meeting. But we think that the conditions will be in place for... 16th July 2024 · 3 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 Economics Weekly Budget and geopolitics in focus The full Budget for FY24/25 - which will be unveiled on 23rd July - will provide an important indication of how much the BJP is willing to concede to its coalition partners. Meanwhile, developments... 12th July 2024 · 5 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Jul. 2024) Net capital inflows into EMs remained positive over the past month, largely reflecting continued strong inflows into EM bonds, particularly Turkey, while there were outflows post-election in Mexico... 11th July 2024 · 3 mins read
India Economics Update Services export boom has an AI sting in the tail Much of the strength of India’s external position over recent years can be explained by robust growth in its services exports, in particular its business process outsourcing (BPO) sector. The near... 9th July 2024 · 3 mins read
India Economics Weekly Modi in Moscow: old friends, new context Prime Minister Modi’s trip to Moscow next week will irk the West, but it should be read as a sign of India seeking to reap economic gains from its non-aligned status rather than an effort to position... 5th July 2024 · 5 mins read
Capital Daily Are bond markets in India & China getting interesting? Recent developments have brought the global spotlight onto sovereign bonds in India and China. We expect the former to fare the best of the two. 3rd July 2024 · 5 mins read
India Economics Weekly Unpacking the further slump in FDI The further slump in net foreign direct investment (FDI) inflows into India in Q1 seems in large part a reflection of higher global interest rates. One implication therefore is that the slump will... 28th June 2024 · 3 mins read
Global Economic Outlook Recovery signs clouded by political uncertainty The global economy seems to be heading into recovery mode as the adverse effects of the previous surge in inflation subside. Real incomes are recovering in most advanced economies and China is feeling... 27th June 2024 · 46 mins read
India Chart Pack India Chart Pack (June 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to... 25th June 2024 · 1 min read
India Economics Weekly Bond index ambitions realised, Q3 Outlook India's government will achieve a long-held policy objective next week when JPMorgan adds the country's local bonds to its largest EM sovereign bond index. While an important milestone, we expect the... 21st June 2024 · 3 mins read
Asia Economic Outlook Policy easing to begin soon We expect economic growth in most countries in Asia to slow in the second half of 2024, as tighter fiscal policy, high interest rates and weaker global growth all weigh on demand. Inflation is back to... 20th June 2024 · 28 mins read
India Economic Outlook Economy in good shape as Modi 3.0 begins Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to grow by 6.5-7% per year between 2024 and 2026. That would put India on course to become the world’s... 20th June 2024 · 16 mins read
