Trends & Tides – India CPI June 2024

In June 2024, India’s Consumer Price Index (CPI) inflation rose to 5.08% YoY from 4.80% YoY in the previous month. The rise in headline inflation was driven by the increase in food inflation to 8.4% YoY from 7.9% YoY in…

Trends & Tides – Balance of Payments Q4FY24

India’s current account turned to a surplus of 0.6% of GDP in Q4FY24 from a deficit of 1.0% in the previous quarter. The current account improved due to a steep correction in the merchandise trade deficit. The merchandise trade deficit…

Panorama – June 2024

Panorama June 2024 edition is out now! Panorama is a meticulously crafted report that offers a comprehensive view of the macro factors and market trends shaping India’s economic landscape. Here are the key insights from the report: In FY24, corporate…

Trends & Tides – US FOMC June 2024

The US Federal Open Market Committee (FOMC) held the Federal Funds Rate steady in the 5.25-5.50% target range at the June 2024 meeting. However, the FOMC dot plot revised rate cut projections for 2024 downward to one rate cut from…

Trends & Tides – India CPI May 2024

In May 2024, India’s Consumer Price Index (CPI) inflation eased to 4.75% YoY from 4.83% YoY in the previous month. Core inflation, which excludes food and fuel, fell to a series low of 3.12% YoY from 3.25% YoY in April…

Trends & Tides – RBI Monetary Policy June 2024

In the June 2024 meeting, the RBI Monetary Policy Committee (MPC) decided to hold the repo rate at 6.5%. The policy stance also remained unchanged to ensure anchoring of inflation expectations and fuller policy transmission. The monetary policy continues to…

Trends & Tides – India Q4 and FY24 GDP

India’s FY24 Gross Domestic Product (GDP) was revised higher to 8.2% YoY from the earlier estimate of 7.6% YoY. However, Q4FY24 GDP slowed down to 7.8% YoY from 8.6% YoY in the previous quarter. Q4 GDP growth printed lower due…