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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Budget & Financial Markets: How the Budgeted refrained from negatives…

From a policymaker’s perspective, there were a fair amount of negative expectations built around the Union Budget. More so, from a capital market perspective! Interestingly, the budget refrained fro...
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Big Post-Budget Theme: Banking and Financial Services…

If there was one sector to which this budget has made a deep difference, it is the banking and financial services sector. The budget has made an attempt to help banking both from a macro and micro per...
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What does the Monetary Policy mean for RBI monetary stance?

The Sixth Monetary Policy for the fiscal year 2016-17 was announced by the RBI on 08th February 2017. It is essential to understand the backdrop to this policy announcement. Firstly, there is the demo...
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