In September 2023, India’s Consumer Price Index (CPI) inflation eased to 5.0% YoY due to a correction in food inflation. The sharp decline in fuel inflation, driven by the reduction in LPG prices, also contributed to the fall in headline…

In October 2023 meeting, RBI’s Monetary Policy Committee (MPC) decided to hold the repo rate at 6.5% and retained its policy stance. The RBI Governor noted that transmission of the 250 bps increase in the policy repo rate to bank…

JP Morgan has announced the inclusion of Indian G-secs in the GBI-EM Global index suite. This move holds significant structural benefits for cost of capital, the balance of payments, the Indian Rupee, and long-term growth. Explore the macro-implications by referring…

In Q1FY24, India’s current account deficit (CAD) rose to 1.1% of GDP, marking a significant increase from 0.2% deficit in the preceding quarter. CAD increased on account of a higher merchandise trade deficit and weaker services surplus. The rise in…

Panorama September 2023 edition is out now! Panorama is a meticulously crafted report that offers an overview of the macro factors and market trends influencing the Indian economic landscape. Here are the key insights from the report: 1. Government support…

The US FOMC held the Federal Funds Rate (FFR) in the target range of 5.25-5.50% as expected during the September 2023 meeting and signaled one more rate hike by the end of 2023. US economic growth continues to remain strong,…

In August 2023, India Consumer Price Index (CPI) inflation remained elevated at 6.83% YoY, but it eased from 7.44% in June. Headline inflation was largely driven by elevated food prices, while core inflation (which excludes food and fuel) continued to…

In Q1FY24, India’s GDP growth printed at a robust 7.8% YoY, up from 6.1% YoY in the previous quarter. The growth was largely propelled by strong expansion in ‘Financial services, real estate and professional services’. ‘Trade, hotels, transport, and communication’…

Panorama August 2023 edition is out now! Panorama is a meticulously crafted report that offers an overview of the macro factors and market trends influencing the Indian economic landscape. Here are the key insights from the report: The corporate sector…

In July 2023, India Consumer Price Index (CPI) inflation increased to 7.44% YoY from 4.87% in June. Erratic weather conditions, including a delayed monsoon and uneven distribution of rainfall, have resulted in higher food prices. The ‘food and beverages’ inflation…