GDP Growth for Q4 2013-14 at 4.6%
India’s GDP for Q4 2014 is out. Growth for Q4 in real terms (i.e. net of inflation) is an abysmal 4.6%, and is only matched by the growth in the previous quarter. Nominal includes inflation. Our GDP...
View ArticleECB Tests Negative Rates; Inflow into India Expected
Raghuram Rajan will be furious. One more insane monetary policy and he’ll have to bear the consequences. Mario Draghi at the ECB today announced an unprecedented low on interest rates. Not only were...
View ArticleFCI Continues to Stock 4x Buffer Requirement of Wheat and Rice
The government continues to buy food and stuff its buffers but things seem to have come under some layer of control now. The Food Corporation of India (FC() buys food from the market and stores them in...
View ArticleWhy Doesn’t The Government Sell 50,000 cr. of Shares It Holds in Private...
We’ve been crying hoarse for the government to not be in business, that it needs to “divest” its holding in public sector enterprises. Why aren’t we calling for it to divest its holding in private...
View ArticleMay Exports Rise 12%, Imports Dip 11% YoY But Trade Deficit Highest in 10 months
In May 2014, India’s trade balance widened marginally from April, with a $11bn deficit. This is the highest monthly deficit number since July 2013. Export growth was strong at 12%, while imports, in...
View ArticleDeposit Growth at Lowest in 10 Months
Bank Deposit Growth as of 27 Jun 2014 is now at the Lowest since September 2013 at 12.4% over the past year. In Sep 2013 and Dec 2012, we had a market crisis of sorts when the indexes fell … (Read...
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Trade Deficit for Jun 2014 at $11.7 bn, Highest in 11 months
The trade deficit for Jun 2014 was at $11.7 billion, the most in 11 months (since Jul 2013). Imports at $38.2 billion were lower than the May number of $39.2 billion (but June had one less… (Read On…)...
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Highest GDP Growth since Dec 2011, But Unlikely To Sustain
India’s GDP growth for Q1 2015 (Jun 2015) has come in at 5.7%, the highest since December 2011 . This comes with a stellar performance from manufacturing, which brings a +3.5%… (Read On…) [via...
View ArticleRBI Removes 46,000 cr. of Money Supply, Sells Bonds. What’s Cooking?
Exactly what is the RBI doing? It’s just conducted a reverse repo auction (where banks park cash with the RBI) for a whopping Rs. 45,663 cr . Banks have placed that much excess liquidity with the RBI...
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Nov 2014 Sees Highest Trade Deficit in 18 months, on Heavy Gold Imports
India’s trade deficit for November shot up to $16.8 bn, the highest single month deficit since May 2013. (When the dollar was at 55, and in November it was 61+) What happened here? Exports grew 7%...
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Chart: Oh, We Are Still Overvalued, Says the CNX 500 P/E
A note I’d recently spoken about in Premium shows us something very important. Even as we had a near 2% down day (nothing compared to China which had an 8.5% down day) we are, er, slightly overvalued....
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The GDP In Charts: Deflation Helps Indian Economy Grow 7.4% But Nominal...
India’s GDP growth in the Sep 2015 quarter came in at 7.4%, which would be awesome, except that it’s the “real” GDP, which is the number that you can see (“nominal” GDP) minus inflation. This time,...
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Charts: India’s Current Account Deficit at -1.6% of GDP, But Worry Is Slowing...
India’s Current Account Deficit is at -1.6% of GDP as it comes in at -8.2 Billion Dollars for the quarter ended in September. This has been a rising number in the last three quarters, both as a % of...
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Economy: Manufacturing PMI At Highest Rate of Expansion in 8 Months
India’s Purchasing Manager’s Index for Manufacturing (by Markit ) has gone up to an 8 month high at 52.4 – anything above 50 means expansion in production, whereas below 50 is contraction. Apparently,...
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Inflation Jumps to 5.39% in April, Core Inflation Goes Back To Dangerous...
India’s inflation for April 2016 sprung a surprise: it went up to 5.39% as a surprise. The worry really is food inflation. Housing inflation goes up in April as most government accommodation resets...
View ArticleInflation Peaks to Highest Since Sep 2014 at 5.76%, And Fuel Price Hikes Not...
Consumer Price Inflation for May 2016 is at a near-two-year high at 5.76%. This is the highest we’ve seen this … (Read On…) [via Capital Mind] Follow us @investmentheat – lists / @sectorheat
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Trade Deficit for Jun 2014 at $11.7 bn, Highest in 11 months
The trade deficit for Jun 2014 was at $11.7 billion, the most in 11 months (since Jul 2013). Imports at $38.2 billion were lower than the May number of $39.2 billion (but June had one less… (Read On…)...
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Highest GDP Growth since Dec 2011, But Unlikely To Sustain
India’s GDP growth for Q1 2015 (Jun 2015) has come in at 5.7%, the highest since December 2011 . This comes with a stellar performance from manufacturing, which brings a +3.5%… (Read On…) [via...
View ArticleRBI Removes 46,000 cr. of Money Supply, Sells Bonds. What’s Cooking?
Exactly what is the RBI doing? It’s just conducted a reverse repo auction (where banks park cash with the RBI) for a whopping Rs. 45,663 cr . Banks have placed that much excess liquidity with the RBI...
View ArticleClik here to view.
Nov 2014 Sees Highest Trade Deficit in 18 months, on Heavy Gold Imports
India’s trade deficit for November shot up to $16.8 bn, the highest single month deficit since May 2013. (When the dollar was at 55, and in November it was 61+) What happened here? Exports grew 7%...
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