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 Economics Update

Infrastructure drive likely to continue under Modi 3.0

The ramp-up in public capital expenditure in the last five years has helped to ease some of the bottlenecks that had previously acted as a constraint on India’s economy. Despite the Modi government’s...

11th June 2024 · 4 mins read

Global Markets Update

Parsing the market’s verdict on recent EM elections

Elections in South Africa, India, and Mexico have generated sizeable reactions in their financial markets over the past week or so, highlighting the potential for electoral surprises to generate short...

7th June 2024 · 6 mins read

India Economics Weekly

Dust settling on election, MPC pendulum swinging

Indian equities have ended an extraordinary week higher than where they began, which we think partly reflects the fact that investors have realised that a coalition government is not a terminal blow...

7th June 2024 · 4 mins read

India Economics Update

RBI still on course for August rate cut

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 · 3 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

Asset Allocation Update

The implications of Modi 3.0 for India’s equity market

India’s election result isn’t, in our view, reason to turn downbeat on the country’s equity market, its wobbles earlier this week notwithstanding. But with a very positive story seemingly still priced...

6th June 2024 · 4 mins read

India Economics Update

What Modi 3.0 means for India's economy

Narendra Modi will begin his third term as India’s Prime Minister with a weakened mandate and that will make the passage of contentious economic reforms more difficult. But he will still be able to...

4th June 2024 · 3 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

Climate Economics Monthly

Key highlights from May

This Monthly looks at some of the key highlights from the Climate Economics service in May, including our coverage of US tariffs on Chinese-made green technology and recent price movements in the EU...

31st May 2024 · 3 mins read

India Economics Weekly

What to watch for in a momentous week

India's general election is coming to an end and from a macro perspective the key thing for investors to watch for is whether it delivers a government that has a working parliamentary majority that...

31st May 2024 · 5 mins read

RBI Watch

Change in policy stance looks imminent

The Reserve Bank of India (RBI) will almost certainly keep the repo rate on hold at 6.50% at the conclusion of its MPC meeting on Friday, 7th June. But we think that the committee will lay the...

30th May 2024 · 6 mins read

India Economics Weekly

Is PM Modi on the backfoot?

As India’s mammoth general election enters its final week, a narrative that has unfolded in the international media is a waning of popular support for Prime Minister Modi's Bharatiya Janata Party (BJP...

24th May 2024 · 4 mins read

India Economics Update

China’s threat to Indian manufacturing

India has made impressive progress in raising its share of global high-end electronics exports over the past few years. But, worryingly, it has failed to capture any additional market share in the...

23rd May 2024 · 5 mins read