Economic Trends and Research

India’s Q2 GDP grows; cash crunch clouds outlook

India’s economy witnessed a marginal acceleration in the second quarter of FY 2016-17, upholding its ranking as the world’s fastest-growing economy. But Asia’s third biggest economy may not be able to retain that title for long as

Will demonetisation accelerate shift to digital financial economy?

The Modi Government’s bold gamble with note-bandi hasn’t been painless for most people and whether the benefits will outweigh the costs is a debatable issue now.   While the government’s demonetization drive is likely to negatively impact

India’s services sector gains momentum in Oct

Services activity in India gathered pace in the month of October 2016, rising for the 16th straight month, driven by the solid upturn in new businesses, signaling acceleration in Asia’s third biggest economy which expanded 7.1 per

India’s economic growth slows to 7.1% in Q1

India’s economic growth took a sharp downward turn in the first quarter of FY 2016-17 amidst subdued performance of mining, construction and farm sectors, coupled with sluggish investment, putting pressure on the Reserve Bank of India (RBI)

Improving financial parameters buoy India’s economic outlook

The overall financial environment for the Indian economy are favourably poised – with the low cost of funds, strong liquidity, better external financial linkages and uptick in economic activity – signalling a positive outlook with signs of firm improvement in

India’s inflation target set at 4% till 2021

Supporting the inflation-fighting policies championed by the outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan, the government has fixed India’s annual inflation target at 4 per cent for the next five years. The NDA government has

Uptick in services lift India’s growth outlook

The pace of activity in India’s service sector has witnessed a significant uptrend, touching a three-month high in July, underpinned by an upturn in demand, signalling a pickup in Asia’s third biggest economy. According to Markit Economics report, Nikkei

Weather gods to lift India’s economic growth

The favorable dark clouds are crucial to the Indian economy as it will stimulate the agricultural production and rural demand, thereby providing a major boost to Asia’s third biggest economy in this fiscal year. According to the

India’s services sector activity loses steam

Service sector activity in India witnessed a cooling of growth momentum in the month of June 2016 amidst a weaker than expected rise in new business, raising fears over a renewed slowdown in Asia’s third biggest economy,

India Inc goes slow on M&A in May

The aggressive pace of M&A activity in 2015 looks unlikely to be repeated this year amid global economic uncertainty and financial volatility coupled with absence of big ticket overseas acquisitions by India Inc. However, the outlook for