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India

Macro View

Markets

Finance & Banking

Geostrategic & Long Term Issues

Key Indicators

National Accounts
GDP at factor cost
(10 Mil. 1999/2000 Rupees, NSA)
902924,830555,834986.31,1158764,1205119 1,205,119
Consumer Price Index
Industrial Workers
(Index, 2001=100, NSA)
172,170,170,170,172 172
Central Bank Repo Rate
(%, NSA)
5.5,5.75,5.75,5.75,5.75 5.75
Money Supply
Bank Credit to Commercial Sector
(Crore Rupees, NSA)
3468311,3471951,3529930,3558423,3649910 3,649,910
Balance of Payments
Current Account Balance
($US. Mil, NSA)
4747,-5808,-12625.2,-12030,-12998 -12,998
Share Price Index
India - Bombay Stock Exchange SENSEX Index
(Index, NSA)
18130.98,18020.05,18077.61,17957.37,17992 17,992
data by Moody's

RGE's Q3 2010 India Outlook

India’s growth driver has shifted from fiscal and monetary stimulus to private demand. Capital inflows, reviving services and agriculture sector growth and high (though easing) industrial activity, pinned by consumer spending and rising capex, will boost India’s growth to 8.6% in 2010 and 8.5% in 2011. Faster-than-expected rebounds in domestic and foreign investment and private consumption, continued fiscal and structural reforms and infrastructure investment to ease supply-side constraints pose upside risks to growth. Meanwhile, global risk aversion and banking sector risks threaten to dampen portfolio inflows, external borrowings, asset markets and investment.

Read the Q3 2010 India Outlook

RGE Analysis

Asia Week Ahead: Gradual Monetary Tightening to Continue Despite Signs of Slowdown

By Arpitha Bykere, Mikka Pineda, Michael Manetta and Adam Wolfe Jul 22, 2010

Global Economic Outlook

Asia/Pacific: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Global Economic Outlook

India: Q3 2010 Outlook

By Arpitha Bykere Jul 10, 2010

Asia Week Ahead: Central Banks Weigh Tightening With G3 on Hold and Global Growth Slowing

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jul 1, 2010

Asia Week Ahead: Vulnerabilities to the EU Are Here to Stay

By Arpitha Bykere and Mikka Pineda Jun 17, 2010

Asia Week Ahead: Regional Divergences in Growth and Inflation Risks

By Arpitha Bykere and Mikka Pineda Jun 10, 2010

Asia Week Ahead: Signs of Easing Growth Challenge Monetary Policy

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jun 3, 2010

Global Economic Outlook

India: Q2 2010 Outlook

By Arpitha Bykere Apr 12, 2010

Global Economic Outlook

India: Q1 2010 Outlook

By Arpitha Bykere Jan 30, 2010

Comparing 2010 Growth Forecasts for Major Economies

By Rachel Ziemba, Elisa Parisi-Capone, Christian Menegatti, Arpitha Bykere, Bertrand Delgado and Mikka Pineda Jan 21, 2010

India Economic Outlook, Q4 2009

Arpitha Bykere Oct 7, 2009

Will India Get Back to 9% Growth?

Arpitha Bykere Sep 8, 2009

India Economic Outlook, Q3 2009

Arpitha Bykere Jul 24, 2009

BRICs in the Monitor

RGE Analyst Team Jun 16, 2009

EconoMonitors

Global Macro EconoMonitor

Is There a Global Economic Slowdown in the Works?

Edward Hugh Jul 14, 2010

Emerging Markets Monitor

Window of Opportunity for South Asia

Mohammad Shahidul Islam Jul 12, 2010

Asia EconoMonitor

Continuing the Momentum—Asia’s Updated Economic Outlook

Anoop Singh Jul 12, 2010

Asia EconoMonitor

Hours of Operation of Indian Retail Firms

Ajay Shah Jun 21, 2010

Asia EconoMonitor

Microfinance: Profiting from Poor

Kavaljit Singh May 5, 2010

Emerging Markets Monitor

Currency Futures: An Example of How India Changes

Ajay Shah Apr 22, 2010

Global Macro EconoMonitor

The Aftermath of the Kyrgyz Revolution - The Lesser Players

John Daly Apr 15, 2010

Emerging Markets Monitor

Asia in the New Decade

Mohammad Shahidul Islam Apr 12, 2010

Nouriel Roubini's EconoMonitor

Optimism over India, but Is It Sustainable?

Nouriel Roubini Apr 8, 2010

Global Macro EconoMonitor

Where Is a Spectacular Implosion Most Likely?

Barry Ritholtz Apr 8, 2010

Emerging Markets Monitor

India, China, and V vs. U

Nouriel Roubini Apr 7, 2010

Nouriel Roubini's EconoMonitor

Roubini Discusses Exit Strategies and Growth in Emerging Markets

Nouriel Roubini Apr 2, 2010

Emerging Markets Monitor

To Catch China, India Needs Human and Physical Capital, Says Dr. Roubini

Nouriel Roubini Mar 31, 2010

Emerging Markets Monitor

India's Finance Minister Plays It Safe with 2010 Budget

Rajeev Mantri Mar 7, 2010

Peterson Institute for International Economics Monitor

Does Russia Belong in the BRICs?

Anders Aslund Jan 25, 2010

Emerging Markets Monitor

Two BRICs: India vs. Brazil

Rebecca Wilder Jan 10, 2010

RGE Analysts' EconoMonitor

Collateral Damage

Nouriel Roubini and Arpitha Bykere Dec 23, 2009

Global Macro EconoMonitor

Consequences of Exposure to Violence

Ajay Shah Dec 16, 2009

Emerging Markets Monitor

India: FDI and Saving are Key....

Rebecca Wilder Dec 8, 2009

RGE Analysts' EconoMonitor

CNBC Interview with Arnab Das Discussing Dubai, Abu Dhabi, and India

Arnab Das Nov 30, 2009

Peterson Institute for International Economics Monitor

Dr. Singh of India Comes to Town

Arvind Subramanian Nov 23, 2009

Peterson Institute for International Economics Monitor

India: New Letter and Spirit

Arvind Subramanian Nov 12, 2009

Emerging Markets Monitor

Looking back at Indira Gandhi

Ajay Shah Nov 4, 2009

Global Macro EconoMonitor

The Dragon in the Alphabet Soup

Rumi Malott Morales Oct 26, 2009

Asia EconoMonitor

Interpreting Recent Movements of the Rupee-Dollar Rate

Ajay Shah Oct 12, 2009

Emerging Markets Monitor

The Remarkable Indian Automobile Industry

Ajay Shah Oct 7, 2009

Emerging Markets Monitor

Currency Futures Liquidity ahead of the Forward Market?

Ajay Shah Sep 30, 2009

Peterson Institute for International Economics Monitor

Climate Change—Winning the Narrative

Arvind Subramanian Sep 16, 2009

Emerging Markets Monitor

The Scope of Central Bank Independence, and the Accountability Mechanisms that go with This

Ajay Shah Sep 16, 2009

Emerging Markets Monitor

Will India Get Back to 9% Growth?

Arpitha Bykere Sep 8, 2009

Emerging Markets Monitor

Uncovering the Monetary Policy Rule in India

Nirvikar Singh Aug 31, 2009

Peterson Institute for International Economics Monitor

Benefits of More Trade Between South Asian Rivals

Mohsin S. Khan and Steve Weisman Aug 27, 2009

Emerging Markets Monitor

Where is India in Internet adoption?

Ajay Shah Aug 24, 2009

Asia EconoMonitor

Impressive Piece of Work

Ajay Shah Aug 12, 2009

Daily Digest

Opinions

India’s Globalization Push Undermined by Lingering Threat of Its Maoist Insurgency

The Jakarta Globe  Eric Randolph Jul 30, 2010

Opinions

India: Controlling inflation without hurting growth

East Asia Forum  Ashima Goyal Jul 30, 2010

News

Economist Blows Up Indian Stocks Theory

Wall Street Journal  Shefali Anand Jul 30, 2010

Blogs

India courts Turkey’s ’suited and booted’

Beyond Brics, Financial Times  Girija Shivakumar Jul 30, 2010

Research

Great Power Politics: India’s Absence from Ideological Energy Diplomacy in Central Asia

China and Eurasia Forum Quarterly  Simon Shen Vol. 1 2010

News

Reserve Bank may tighten rates till mid-2011: Credit Agricole

The Economic Times  Jul 29, 2010

News

Government's tall talk on prices since Nov ’09 exposed

The Economic Times  Subodh Varma Jul 29, 2010

Opinions

India: How to control inflation

The Economic Times  Rajan Bharti Mittal Jul 29, 2010

News

Banks start offering more for deposits

Business Standard  Jul 29, 2010

Opinions

Monetary policy is easy; Financial regulation is hard

Financial Express  Ajay Shah Jul 29, 2010

Opinions

India: Credit growth to become broad-based

The Hindu Business Line  Subir Gokarn Jul 29, 2010

Analysis

First Quarter Review of Monetary Policy 2010-11

Reserve Bank of India  D. Subbarao Jul 27, 2010

Analysis

Daily Breakfast Spread - July 29, 2010

DBS Group Research  Jul 29, 2010

News

India looking to the rain gods

The Economist  Jul 27, 2010

Opinions

India slips Myanmar a nudge and a wink

Asia Times  Sudha Ramachandran Jul 29, 2010

Analysis

India From Managing Recovery to Containing Inflation Pressures

Morgan Stanley  Chetan Ahya Jul 29, 2010

News

India Needs Tighter Monetary Policy to Cool Inflation, RBI Official Says

Bloomberg  Kartik Goyal and Tushar Dhara Jul 29, 2010

Analysis

India economy: Population advantage?

EIU  Jul 28, 2010

Analysis

India's Inflation Puzzle

Peterson Institute for International Economics  Arvind Subramanian Jul 28, 2010

Opinions

India’s tortoise must turn on the speed

Financial Times  David Pilling Jul 28, 2010

News

RBI expresses concern over low deposit growth

Business Standard  Jul 28, 2010

News

India: Expect lower volatility in rates

Business Standard  Jul 28, 2010

News

RBI projects year-end inflation at 6%

Business Standard  Jul 28, 2010

News

Liquidity pressure likely to ease next week: RBI

The Economic Times  Jul 28, 2010

News

Rate hike: Deposits to fetch more, but home loans to pinch

The Economic Times  Jul 28, 2010

Opinions

India: Dynamic policy reaction

The Hindu Business Line  Rahul Bajoria Jul 28, 2010

Opinions

India: Borrowers will feel the pinch

The Hindu Business Line  Bipin Kabra Jul 28, 2010

Analysis

Daily Breakfast Spread

DBS Group Research  Jul 28, 2010

Opinions

India: Transmission lines

The Indian Express  Ila Patnaik Jul 26, 2010

Opinions

India needs new politics

The Indian Express  Sudheendra Kulkarni Jul 25, 2010

Opinions

Up and down the rate corridor

Financial Express  Saugata Bhattacharya Jul 26, 2010

Opinions

India's Nuclear Push: The Conflicts Within

Asia Sentinel  Siddharth Srivastava Jul 28, 2010

Analysis

India: Key developments

EIU  Jul 27, 2010

News

The importance of capital inflows

The Economic Times  Chetan Ahya Jul 27, 2010

Opinions

India: Confidence augurs well for long-term growth

The Hindu Business Line  Neeraj Swaroop Jul 28, 2010

Opinions

When inflation perpetuates itself

The Hindu Business Line  A. Seshan Jul 28, 2010

Analysis

India First Quarter Review of Monetary Policy 2010-11

Reserve Bank of India  Jul 27, 2010

News

RBI raises key rates, but banks may hold on

Business Standard  Jul 28, 2010

News

Good Kharif crops can lift growth over 8%: RBI

The Economic Times  Jul 27, 2010

News

Fund managers' reaction to RBI rate hike

The Economic Times  Jul 27, 2010

News

RBI policy reflects inflation concern: HSBC

The Economic Times  Jul 27, 2010

News

Subbarao: all of us are chasing the monsoon

Business Standard  Jul 28, 2010

News

Create level playing field with MFs: Banks tell RBI

The Economic Times  Jul 28, 2010

Opinions

RBI plays to the script, almost

Financial Express  Rajesh Chakrabarti Jul 28, 2010

News

India's Central Bank Raises Key Rates

Wall Street Journal  Subhadip Sircar and Anant Vijay Kala Jul 28, 2010

News

India Raises Rates More Than Economists’ Estimates on Inflation

Bloomberg  Kartik Goyal Jul 27, 2010

Blogs

India to stress test banks

Beyondbrics, Financial Times  James Lamont and James Fontanella-Khan Jul 27, 2010

Analysis

Happy days ahead? Policy implications of the global recovery for India

East Asia Forum  Suman Bery Jul 25, 2010

Analysis

Asia Pacific Economic Outlook: China, India, Malaysia, Singapore

Deloitte  Ira Kalish et al Jul 22, 2010

Analysis

RBI signals tighter monetary policy ahead

Kotak Institutional Equities Research  Mridul Saggar and Suvodeep Rakshit Jul 27, 2010

Analysis

Daily Breakfast Spread

DBS Group Research  Jul 27, 2010

Analysis

Daily Breakfast Spread - July 27, 2010

DBS  Jul 27, 2010

Analysis

Continuing Inflation In India

Haver Analytics  Louise Curley Jul 26, 2010

News

Look Who's Helping North Korea

Forbes  Megha Bahree Jul 26, 2010

Analysis

Review of Monetary Policy: Apr-Jun 2010

Reserve Bank of India  D. Subbarao Jul 27, 2010

Analysis

Energy Security Multipolarity: Iran's Role in India's Energy Calculus

Journal of Energy Security  Harsh V. Pant Jul 26, 2010

Analysis

The Role of Natural Gas and Central Asia in Indian Energy Security

Journal of Energy Security  Shebonti Ray Dadwal Jul 26, 2010

Analysis

Monday’s The Week Ahead: Greater China, Korea

DBS Group Research  Jul 26, 2010

Blogs

Revisiting Indian poverty

The Hindu  C. P. Chandrasekhar Jul 27, 2010

Opinions

GST: The way forward

The Economic Times  Jul 23, 2010

Opinions

Regulation and operation of transport services should be distinct & independent

The Economic Times  Raghu Dayal Jul 23, 2010

News

GST can push up economic growth by 1.5 pc: Montek

The Economic Times  Jul 23, 2010

Opinions

Financial sector: Handle with care

The Hindu Business Line  Rajiv Kumar Jul 23, 2010

Opinions

India: Inflation and soothsayers

The Hindu Business Line  Jul 23, 2010

Blogs

Independence of regulators and independence of the central bank

Ajay Shah's Blog  Ajay Shah Jul 23, 2010

Blogs

Creating national champions: India’s key to energy security

FT Energy Source  Anjli Raval Jul 23, 2010

News

India Faces Coal Deficit of 50% of Expected Power Plant Demand, KPMG Says

Bloomberg  Natalie Obiko Pearson Jul 23, 2010

News

Looking beyond likely 25 bps RBI rate hike

The Economic Times  Jul 22, 2010

Opinions

India: How do we pay the bankers?

The Economic Times  T T Ram Mohan Jul 22, 2010

Opinions

Winds of change in India-US ties

The Hindu Business Line  G. Parthasarathy Jul 22, 2010

Opinions

Needlessly clipping RBI's wings

The Hindu Business Line  A. Seshan Jul 22, 2010

News

Buy Rupee as Rising Rates to Strengthen Currency by 5%, RBS's Bhasin Says

Bloomberg  Anoop Agrawal and V. Ramakrishnan Jul 22, 2010

News

U.S. seeks to ease India's Afghan fears, backs Pakistan

Reuters  Krittivas Mukherjee Jul 22, 2010

Blogs

India’s Gulf links multiply

FT Beyond Brics  Girija Shivakumar Jul 21, 2010

News

Top forecaster sees end-July monsoon surge

The Economic Times  Jul 21, 2010

News

India may miss key infrastructure targets

The Economic Times  Jul 21, 2010

News

Indian government proposes 20% GST on goods, 16% on services

The Economic Times  Jul 21, 2010

Opinions

Fuel prices, taxes and the common man

The Hindu Business Line  Raghuvir Srinivasan Jul 21, 2010

Opinions

To reduce inflation, remove ‘feel good factor'

The Hindu Business Line  S. Balakrishnan Jul 21, 2010

Analysis

Investment by Japanese automobile manufacturers in India – a win-win situation

East Asia Forum  Nabeel Mancheri Jul 21, 2010

News

Rupee to Drop as Dollar Breaks Resistance: Technical Analysis

Bloomberg  Patricia Lui Jul 21, 2010

News

India: FM hopes for 8.5% growth

Business Standard  Jul 20, 2010

Opinions

No big bang deregulation, please, we are the UPA

The Hindu Business Line  Richa Misra Jul 20, 2010