CPI and WPI inflation surprise the street on the upside…

The Ministry of Statistics and Programme Implementation (MOSPI) announced the CPI and the WPI numbers for the month of February. Both the numbers were expected to come out on the higher side due to th...
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IIP beats street expectations; but now it needs to sustain…

he Index of Industrial Production (IIP) for the month of January 2017 came in sharply higher at 2.7% compared to (-0.6%) for the month of December 2016. The IIP for January was important as it was the...
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What the election outcome means for the Indian economy and markets…

The state elections are gone. While the BJP has clearly swept Uttar Pradesh and Uttarakhand, it was the Congress that made hay in Punjab. The final shape of the government in Manipur and Goa will take...
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Some political lessons from the state election outcomes…

Some political lessons from the state election outcomes… As we go to press, the final results of the various state elections are still some time away. However, the broad trends are quite clear, a...
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What are the State Election Exit Polls broadly indicating?

To begin with, here is a broadly disclaimer. This is a summary of all exit polls announced on March 09th in the five states that are expecting the results of assembly elections on March 11th. Like any...
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Q3 GDP Estimates surprise the street on the upside…

The Q3 estimates for GDP were, probably, the most awaited statistics in the last few months. That is hardly surprising! The Q3 GDP growth refers to the Oct-Dec 2016 period when the Indian economy had ...
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MPC Minutes indicate that the rate door is open both ways…

As is the normal practice, the Monetary Policy Committee published its minutes of the discussion leading to the Monetary Policy on 08th February. It may be recollected that in the Feb 08th policy, the...
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Trade Deficit stays closer to $10bn in Jan, but INR could be the answer…

The trade data for the month of January 2017 was announced on 15th February. Compared to the previous month of December 2016, exports were down but imports saw a sharper fall. This led to the trade de...
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CPI comes in lower, but that may not indicate a rate cut…

Along expected lines, the CPI inflation for the month of January 2017 came in lower at 3.17%. This compares favourably with the 3.41% CPI inflation reported in the month of December 2016. What exactly...
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IIP falters in the aftermath of Demonetization…

The Index of Industrial Production (IIP) for the month of December 2016 came in at (-0.4%), sharply lower than the positive number of 5.6% growth recorded in the month of November. The pressure on IIP...
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