Tracking India’s macroeconomic data in run-up to Elections 2019
6 years, 2 months ago

Tracking India’s macroeconomic data in run-up to Elections 2019

Live Mint  

Mumbai: The latest gross domestic product numbers show that the Indian economy grew at an impressive rate of 8.2% in the April-June quarter, the fastest quarterly growth in over two years. In recent months, all four indicators of industrial sector activity—Purchasing Managers’ Index, core infrastructure industries’ growth, bank lending and rail freight volume—have improved. However, despite positive signs in industry, indicators of external sector performance and ease of living suggest vulnerabilities in the Indian economy. At the same time, India’s import cover of foreign exchange reserves has fallen below the five-year trend range in recent months.

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History of this topic

India retains second spot among emerging markets in November, trails China: Mint tracker
2 weeks, 2 days ago

India retains second spot among emerging markets in November, trails China: Mint tracker

Live Mint  

India retained its second rank among emerging market peers in November, driven by a modest depreciation in the rupee, robust manufacturing activity, and steady GDP growth, according to Mint's Emerging Markets Tracker. India narrowly trailed China, which secured the top spot thanks to a significant boost to its stock market following fiscal stimulus measures introduced in September and November to …

ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges
Trending News
2 weeks, 2 days ago

ICICI Bank forecasts 1.1% current account deficit for India in FY25 amid trade challenges

Live Mint  

ICICI Bank has forecasted that its expects India's Current Account Deficit to remain at 1.1 per cent of the GDP in FY25. According to ICICI Bank, “We expect CAD at 1.1 per cent of GDP in FY25.” Factors In Focus In November 2024, India's trade deficit reached a record high of $37.8 billion, primarily due to gold imports totaling $14.9 …

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin
Trending News
3 weeks ago

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin

Live Mint  

Mumbai: Several high-frequency indicators for the third quarter of the current financial year show that the Indian economy is recovering from the slowdown in momentum witnessed in the previous three months ended September, according to a paper in the Reserve Bank of India’s monthly bulletin. The recovery in Q3 of FY25 is being driven by strong festival activity and sustained …

Mint tracker: October sees slight deterioration in Indian economy’s performance
1 month, 1 week ago

Mint tracker: October sees slight deterioration in Indian economy’s performance

Live Mint  

The Indian economy's performance deteriorated in October compared to the previous month, with weakness in passenger vehicle sales and trade persisting and the inflation situation worsening, showed Mint macro tracker. The tracker provides a monthly comprehensive report on the state of the economy based on trends in 16 high-frequency indicators. Methodology note: While calculating the five-year average, data for some …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
1 month, 2 weeks ago

India’s foreign exchange reserves decline for eighth consecutive week

Live Mint  

New Delhi, December 1 : India's foreign exchange reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India showed. The latest RBI data showed that India's foreign currency assets, the largest component of forex reserves, stood at USD 566.791 …

India climbs to second position in emerging markets tracker, led by strong export growth
1 month, 3 weeks ago

India climbs to second position in emerging markets tracker, led by strong export growth

Live Mint  

Despite a tumultuous stock market and the depreciation of the rupee, the country's growth was fuelled by a 17% year-on-year increase in exports in October, marking a sharp recovery after months of sluggish performance. India secured the second rank last month, steadily improving its position from sixth in August, showed the latest Mint's emerging markets tracker. Launched in September 2019, …

India outshines emerging market peers again in July, shows Mint's EM tracker
4 months, 2 weeks ago

India outshines emerging market peers again in July, shows Mint's EM tracker

Live Mint  

India retained its top position in Mint's Emerging Markets tracker for the eighth consecutive month in July, bolstered by a robust stock market performance. The monthly stock market capitalization surged by 4.6%, while a strong manufacturing Purchasing Managers' Index and easing inflation further solidified India's lead. Launched in September 2019, Mint’s Emerging Markets Tracker provides a summary of economic activity …

Indian economy likely to navigate rough global weather in 2023: Assocham
2 years ago

Indian economy likely to navigate rough global weather in 2023: Assocham

The Hindu  

India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities, Assocham said on January 2. "While the global outlook seems rather tough, the Indian economy is set to stay on steady ground, helped by …

What the GDP numbers say
2 years, 1 month ago

What the GDP numbers say

Hindustan Times  

September quarter Gross Domestic Product numbers, which were released on November 30, are in perfect sync with the Reserve Bank of India ’s projection of 6.3%. If inflation continues to moderate — most forecasters, including RBI, believe that it will — and there is a sincere, even if gradual step towards fiscal consolidation in the forthcoming Budget, India will continue …

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI
2 years, 1 month ago

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI

News 18  

India’s Q2 GDP Growth Forecast: The Reserve Bank of India on Friday said the Indian economy is resilient but also “sensitive to formidable global headwinds”. The central bank pegs the country’s GDP for the July-September 2022 quarter between 6.1 per cent and 6.3 per cent based on economic prediction models and high-frequency indicators, like IIP, PMI, core sector data and …

India out of US’ Currency Monitoring List: What is it and why is the removal good news?
2 years, 1 month ago

India out of US’ Currency Monitoring List: What is it and why is the removal good news?

Firstpost  

Through the Currency Monitoring List, the Department of Treasury keeps an eye on the major US trading partners’ currency practices and macroeconomic policies. With India no longer on the list, an expert says it is ‘good news’ as the country is no longer considered a potential ‘currency manipulator’ The United States dropped India and four other countries from its Currency …

Despite pressures, the Indian rupee’s remarkable resilience
2 years, 5 months ago

Despite pressures, the Indian rupee’s remarkable resilience

The Hindu  

The Indian rupee has depreciated by around 7% against the U.S. dollar, since the start of the year, in response to various domestic and global factors. Specifically, a widening current account deficit, persistent risk-off sentiment as a result of geopolitical tensions, ‘a strengthening dollar index, and continuous sell-off by foreign portfolio investors have all put pressure on the rupee’. Elevated …

Data | Hitting record lows: What is driving the rupee’s fall?
2 years, 8 months ago

Data | Hitting record lows: What is driving the rupee’s fall?

The Hindu  

On Monday, the Indian rupee slumped to an all-time low of 77.36 against the U.S. dollar. India’s foreign reserves have also been dented due to the central bank’s intervention in the spot market to prop up the Indian unit. Click to remove AMP mode Intense selling The rupee’s fall has been accentuated by an exodus of foreign portfolio investors from …

Is India's economy back on track? Here's what to expect from Q2 GDP numbers
3 years, 1 month ago

Is India's economy back on track? Here's what to expect from Q2 GDP numbers

India Today  

India’s economy witnessed a sharp recovery after the second Covid-19 wave battered growth earlier in the year. In the first quarter of FY22, the country’s GDP growth accelerated to a record 20.1 per cent on the back of improvement in the pandemic situation, aided by rising vaccination and reopening of the economy. Read | India’s GDP grows at over 20% …

Numbers to watch this week: GDP data, RBI policy, PMI…
3 years, 7 months ago

Numbers to watch this week: GDP data, RBI policy, PMI…

Live Mint  

Every Monday, Mint’s Plain Facts section features key data releases you need to keep an eye on during the week. Two big announcements are due this week: India’s gross domestic product data, and the Reserve Bank of India’s bimonthly monetary policy. The fast-moving consumer goods segment, which accounts for two-thirds of ITC’s business, had been benefiting from pent-up demand for …

India second-most attractive emerging market after China
3 years, 9 months ago

India second-most attractive emerging market after China

Live Mint  

With the Indian economy recovering from the lows of 2020, India’s rank in the emerging markets league tables has also moved up. India occupied the second position among large emerging markets in February, the latest update to Mint’s emerging markets tracker shows. Mint’s Emerging Markets Tracker, launched in September last year, takes into account seven high-frequency indicators across 10 large …

Economic recovery still dicey, key indicators remain dull in Nov
4 years ago

Economic recovery still dicey, key indicators remain dull in Nov

Live Mint  

The Indian economy remained in a slump in November as most high-frequency indicators failed to show any marked improvement. Nine out of a group of 16 such indicators considered in Mint’s monthly macro tracker remain in red, or below their five-year-average trend. Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency …

5 hurdles in path of India's economic recovery
4 years, 4 months ago

5 hurdles in path of India's economic recovery

India Today  

The Indian economy is going through a turbulent period with key indicators hinting at a prolonged slowdown. The report also mentioned that India’s economic recovery could take much longer than expected. India’s consumer demand is declining due to drop in household incomes in the wake of major job losses in the wake of a raging pandemic that has forced closures …

India among top three emerging markets globally
4 years, 4 months ago

India among top three emerging markets globally

Live Mint  

For the first time since covid-19 was declared a global pandemic in March, India found itself among the top three emerging markets in July, the latest update to Mint’s emerging markets tracker shows. Graphic: Mint Mint’s Emerging Markets Tracker, launched in September last year, takes into account seven high-frequency indicators across ten large emerging markets to help us make sense …

China overtakes India to race to the top of EM league tables
4 years, 8 months ago

China overtakes India to race to the top of EM league tables

Live Mint  

As the world reels from the pandemic that originated in China, the Chinese economy seems to have made a rapid recovery, moving back to the top of the league tables in March, the latest update of Mint’s Emerging Markets Tracker shows. The decline was largely due to a sharp fall in India’s merchandise exports and stock market capitalization. Mint’s Emerging …

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%
5 years, 4 months ago

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%

Firstpost  

New Delhi: India Ratings on Wednesday lowered the country’s growth forecast to six-year low of 6.7 percent for the current fiscal from an earlier estimate of 7.3 percent on account of slowdown in consumption and moderation in industrial growth among other factors. However, average investment growth, largely constituting government and corporate sector maintenance capex, at 9.2 percent during 2016-17 to …

RBI to release annual report for FY19 today. Key things to watch out for
5 years, 4 months ago

RBI to release annual report for FY19 today. Key things to watch out for

Live Mint  

Mumbai: The Reserve Bank of India is set to release its Annual report for the financial year 2018-19 today. RBI’s Balancesheet The FY19 annual report is significant in the backdrop of the release of the new economic capital framework under which RBI will transfer ₹1.76 trillion surplus to the government. Economic Assessment The annual report is likely to reiterate RBI’s …

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