India Economics Update Privatisation plans face hurdles Renewed talk of the government ramping up its privatisation drive is welcome, but its aim of raising INR725bn through asset sales of various state-owned companies this year still looks unrealistic. In... 9th June 2017 · 1 min read
India Economics Update Inflation close to bottoming out Consumer price inflation is likely to have eased in May due in large part to another drop in food inflation, and we have nudged down our full-year inflation forecast in response to the weakness in the... 8th June 2017 · 1 min read
India Economics Update RBI unmoved by weakness of GDP and inflation data The Reserve Bank of India (RBI) opted to keep policy unchanged today despite the weakness of the latest inflation and GDP data. However, the less hawkish tone of the policy statement suggests that... 7th June 2017 · 1 min read
RBI Watch Weak GDP and inflation data unlikely to sway RBI The weakness of the latest GDP and inflation data has reignited talk that the Reserve Bank of India (RBI) may loosen at the upcoming policy meeting on 7th June. However, more timely indicators suggest... 2nd June 2017 · 1 min read
India Data Response Manufacturing PMI (May) May’s PMI reading suggests that India’s manufacturing sector weakened a touch last month, but remained in relatively good shape following demonetisation. 1st June 2017 · 1 min read
India Economics Focus What next for the Modi government? During his three years in office, Prime Minister Modi has taken a more incremental approach to economic policymaking than many had hoped for. This is likely to set the tone for the coming years. Small... 1st June 2017 · 1 min read
Asia Economics Update Asian equities continue strong run Asian equity markets have outperformed other EM markets over the past month, with bourses in Korea, India, Pakistan and Indonesia all reaching record highs in May. We are revising our equity forecasts... 31st May 2017 · 1 min read
India Data Response GDP (Q1) The slowdown in growth in the Q1 GDP data for India released today doesn’t quite tally with other evidence which has tended to suggest that growth stabilised or picked up last quarter. It is... 31st May 2017 · 1 min read
India Economics Update Can the export recovery continue? The recovery in India’s exports over the past few months is due in large part (and somewhat surprisingly) to a rise in global oil prices as well as the strength of the rupee, which has boosted... 31st May 2017 · 1 min read
India Chart Pack Another obstacle cleared on road to GST The consensus reached between India’s national and state governments on how different products will be dealt with under the Goods and Services Tax (GST) marks another important step towards its... 23rd May 2017 · 1 min read
India Economics Update Sensex continues to surge Indian equities have rallied over the past few months, with the benchmark Sensex stock index hitting a fresh all-time high in mid-May. This reflects in part a broader pick-up across most major EM... 22nd May 2017 · 1 min read
India Economics Update New measures unlikely to revive banking sector New powers granted to the Reserve Bank of India (RBI) could in theory speed up resolution of cases of stressed assets that have burdened the banking sector in recent years. But the measures are likely... 17th May 2017 · 1 min read
India Economics Update Widening trade deficit not a cause for concern India’s monthly trade deficit widened to its highest level in over two years in April. But this was in large part due to temporary factors. Looking ahead, with imports of key commodities such as gold... 16th May 2017 · 1 min read
India Economics Update Questions still hang over accuracy of IP data The revisions and rebasing of India’s wholesale price and industrial production data align them with other indicators used in India and make them more useful for international comparisons. But while... 15th May 2017 · 1 min read
India Data Response Consumer Prices (Apr.) & IP (Mar.) April’s sharp fall in consumer price inflation makes the rate hike we’ve been arguing would occur before the end of the year seem less likely. But we suspect the drop in inflation will be reversed... 12th May 2017 · 1 min read
India Economics Update Further FDI reform will prove more difficult Recent measures to further ease restrictions on foreign direct investment into India should help to build on one of the main policy successes of the Modi government so far. But the government may now... 11th May 2017 · 1 min read
