What's NewIndustrial production witnessed a broad-based slowdown to 3.1% YoY in May 2019.

India's industrial production slipped to 3.1% YoY in May 2019 after bouncing back to a 6-month high of 4.3% YoY in April 2019, indicating that the rebound was only transitory. The slowdown in the index of industrial production growth is across the board and in line with the market expectation. We believe, a slowing economy globally and a subdued demand domestically along with a diminishing statistical advantage of a lower base for IIP, growth in Index of Industrial production can remain subdued in coming months. (July 12, 2019)

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Latest July 16, 2019

India Balance of Trade

Lower import bills narrowed India's trade deficit to USD 15.28 billion in June 2019.

India's trade deficit narrowed down to USD 15.28 billion in June 2019, compared to USD 15.36 billion in the previous month on account of lower imports.

Merchandise imports contracted by 9.1% YoY to a 4-month low of USD 40.3 billion in June, as against USD 45.4 billion in the last month. The fall in import bills is largely on account of lower crude oil prices along with a slowing economy. Oil imports shipment...

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Fuel and manufacturing soften India's wholesale price inflation rate to 2% YoY in June 2019.

The Wholesale Price Index (WPI) inflation continued to ease, reaching a near-two-year low of 2% year-on-year (YoY) in June 2019 from 2.5% YoY in the previous month. The slowdown in inflation comes in contrast to trend in retail inflation, which rose to 8-month high in June 2019. The slowdown in inflation was brought about by a fall in manufacturing, deflation in fuel and power and a decline in food inflation. There has been a persistent declin...

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No drastic changes in India's foreign inflows as of May 2019.

The net foreign portfolio inflows stood at USD 0.7 billion in May 2019 compared to a net outflow of USD 1.4 billion in May 2018. Foreign direct investment, which comprises of equity capital, reinvested capital and other capital shrank to USD 2.1 billion in May 2019 as against USD 3.7 billion in the year-ago period. The total investment inflow showed a slight improvement after falling in the previous month and stood at USD 2.8 billion.

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India's retail inflation rose to 3.18% YoY in June 2019.

India’s consumer price index based inflation stood at an 8-month high of 3.18% YoY in June 2019 as against 2.33% YoY in November 2018 mainly on account of rise in the prices of food and beverages. While the increase in the prices of health and education also added to the uptick. Rising inflation was witnessed in both rural and urban areas witnessing 2.2% YoY and 4.3% YoY respectively. However, on year-on-year basis, headline inflation in...

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Notes circulation in India remains stable at 11.4% of GDP by end-June'19.

RBI Balance Sheet contains the assets and liabilities position of the Reserve Bank of India. The balance sheet gives a fair amount of idea of the components of money supply such as notes in circulation and deposits with banks in the economy. The notes in circulation recorded an unprecedented plummet of 33.6% MoM in November 2016, after the demonetization move of the government. Following this, 86% of the total currency in circulation ceased to...

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