GST launch takes its toll on the June IIP numbers…

The IIP number for the month of June 2017 came in sharply lower at -0.1% compared to 1.7% in the previous month of May 2017. A correction in the IIP was expected in the month of June due to the impact...
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Core Sector comes in lower as energy puts pressure…

The core sector update for the month of June 2017 came in below expectations at a level of just 0.4%. As is well known, core sector accounts for 40.27% of the constituents of the IIP and hence a posit...
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RBI finally relents and cuts rates by 25 basis points…

There was actually little surprise in the markets when the Monetary Policy Committee (MPC) finally announced a 25 basis points cut in the monetary policy announcement on 2nd August. The debate among t...
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Exports up but trade deficit continues to be sticky…

The trade data for the first four months of fiscal year 2017-18 has followed a standard pattern. Exports have been on an uptrend but imports in each of the months have been growing much faster. In fac...
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IMF July update comes up with some unique insights…

The July update on the world economy released by the International Monetary Fund (IMF) on the 24th of July 2017 has some interesting insights from a macroeconomic standpoint. A few key highlights appe...
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IIP falls lower on weak mining and manufacturing…

The index of industrial production for the month of May came in at 1.7% continuing its downward trend over the last one year. As the chart below depicts, the IIP number has virtually fallen in tandem ...
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Retail inflation dips lower on negative food inflation…

The Ministry of Statistics and Program Implementation (MOSPI) announced the retail inflation number for the month of June 2017 on July 12th. In continuation with the inflation trend in the last one ye...
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Manufacturing PMI falters but Services PMI flatters…

The Purchase Manager Index (PMI) for the month of June 2017 came in slightly above the 50 mark in case of the PMI Manufacturing, although it was comfortably above the 50 mark in case of PMI services. ...
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What does the Dollar Index weakness mean for India?

A key highlight of the dollar has been its waning strength over the last few months. A variety of factors have been attributed to it like a reversal of the Trump Trade, cautious hawkishness from the F...
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Energy gives a push to the May Core Sector numbers…

The core sector numbers for the month of May 2017 were announced on June 30th. The core sector forms an important part of IIP calculation as under the new series it constitutes nearly 40.2% of the ove...
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