India Economics Weekly Bankruptcy code is finding its feet Three years to the week that it was ratified, India’s bankruptcy code is now making a significant difference to the speed at which bankruptcy cases are resolved and the amount that creditors are able... 17th May 2019 · 1 min read
India Economics Update External deficit in check amid rising trade tensions India’s monthly goods trade deficit widened in April but, given its very low exposure to a ratcheting up of trade tensions between the US and China and the fact that oil prices are likely to fall, we... 16th May 2019 · 1 min read
India Data Response Wholesale Prices (Apr.) The drop in wholesale price inflation in April will increase the clamour for another rate cut in June. But we think that underlying inflation will soon rise again, which underlines the risks... 14th May 2019 · 1 min read
India Data Response Consumer Prices (Apr.) Further interest rate cuts in India look only a matter of time after headline inflation in April came in at a below-target 2.9% y/y. However, we continue to think that further monetary loosening is a... 13th May 2019 · 1 min read
India Economics Weekly Data concerns come to the fore again Recent revelations have once again cast a spotlight on the accuracy of Indian data, but unfortunately, we doubt that the formation of an independent regulator, that some have called for, would lead to... 10th May 2019 · 1 min read
India Economics Update Inflation Monitor (Apr.) Headline consumer price inflation is likely to have risen in April due to another pick up in food inflation. However, it will have remained below the RBI’s 4.0% target. That will be enough to prompt... 7th May 2019 · 1 min read
India Economics Weekly Record GST revenues, weaker rupee The surge in GST revenues over recent months won’t be enough to solve the government’s fiscal woes in the near term. However, it does suggest that compliance with the new tax system is improving, and... 3rd May 2019 · 1 min read
Asia Data Response Manufacturing PMIS (Apr.) A slight improvement in the April PMIs fits with yesterday’s trade data from Korea in suggesting that the region’s economies have passed the worst. That said, we still expect regional growth to remain... 2nd May 2019 · 1 min read
India Data Response Manufacturing PMI (Apr.) India’s manufacturing PMI dropped again in April, but this is not a huge cause for concern. After all, the reading is still consistent with decent manufacturing output growth and we think that the... 2nd May 2019 · 1 min read
India Economics Update The economic impact of the monsoon The extent of the monsoon rains has a significant impact on the livelihoods of millions of families in India given the high level of employment in agriculture. But at the macro level, the monsoon... 30th April 2019 · 1 min read
Global Economics Update India This Briefing is a reference guide with our latest views and forecasts for India’s economy, including the prospects for key macroeconomic and financial market variables such as gross domestic product... 29th April 2019 · 1 min read
India Economics Weekly Revisiting the impact of higher oil prices High global oil prices have in the past contributed to worryingly-large current account deficits in India but prices would have to rise much higher than they have recently for that to return as a risk... 26th April 2019 · 1 min read
India Chart Pack Election crosses halfway stage India’s mammoth general election that began earlier this month is now past the halfway stage. Votes have been cast in 302 out of the country’s 543 constituencies, with four days earmarked for further... 24th April 2019 · 1 min read
India Economics Update Remittances to remain a key source of funding Remittances from abroad are an important source of external funding for India and were equivalent to almost 3% of GDP in 2018. That was more than FDI and portfolio inflows combined. Although there are... 23rd April 2019 · 1 min read
Asia Economics Update Weak export growth looks set to continue The most recent trade data, including the very weak outturn in Korean exports over the first 20 days of this month, suggest that regional trade remains in the doldrums. With the external sector facing... 22nd April 2019 · 1 min read
India Economics Weekly Export strength unlikely to last Indian goods exports grew strongly in March, bucking the trend across most of Asia. But this strength is unlikely to last given a weakening of global demand and domestic capacity constraints. 18th April 2019 · 1 min read
