India Economic Outlook
December 13, 2018Annual economic growth slowed in the second quarter of fiscal year 2018, which ran from July to September, compared to the first quarter. The slowdown was due to a weaker rise in private consumption and substantially faster growth in imports of goods and services. Private consumption appeared to be weighed on by cautious spending among rural households amid a weak crop harvest and low agricultural commodity prices. Imports, meanwhile, were likely stoked by higher oil prices. On a brighter note, there were stronger expansions in public consumption, fixed investment and exports in the second quarter. Turning to the third quarter, the outlook appears mixed: Although the private-sector PMI hit an over two-year high in November, consumer confidence slipped in the same month.
India Economic GrowthOverall, economic growth is expected to accelerate this fiscal year due to faster private consumption and investment growth. However, fiscal slippage in the run-up to the general elections next year, global trade protectionism and oil price volatility all cloud the outlook. Our panel expects GDP growth of 7.4% in FY 2018, which is unchanged from last month’s estimate, and 7.4% again in FY 2019.
India Economy Data
5 years of India economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.56||-0.04 %||Jan 16|
|Exchange Rate||70.98||-0.09 %||Jan 16|
|Stock Market||36,321||-0.08 %||Jan 16|
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India Economic News
January 16, 2019
Merchandise export growth slowed to 0.3% in December, down from 0.8% in November.
January 14, 2019
In December, consumer prices rose fell 0.43% in December from the previous month, contrasting the 0.07% rise logged in November.
January 11, 2019
Annual industrial production growth slowed to 0.5% in November, down from October’s revised 8.4% (previously reported: +8.1% year-on-year).
January 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market fell to 53.6 in December from 54.5 in November.
December 14, 2018
In November, consumer prices rose 0.07% in November from the previous month, contrasting the revised 0.36% rise in October (previously reported: +0.29% month-on-month).