Coronavirus damages India’s growth and fiscal outlook
Fundamental Forex Analysis

India’s Q1 GDP to expand at the weakest pace in eight years due to coronavirus – Reuters poll

According to the latest Reuters poll of 52 economists, India’s economy is seen expanding at its slowest pace since early 2012 in the January-March quarter, in the face of the coronavirus-imposed nation-wide loc...

India to see U/L-shaped recovery; package execution key – Rabobank
Fundamental Forex Analysis

India to see U/L-shaped recovery; package execution key – Rabobank

Hugo Erken, Head of International Economics at Rabobank, said in its latest note, the Indian economy is likely to see a U/L shaped recovery rather than a V-shaped recovery. Key quotes “India’s economy cou...

India’s economy to contract 14.5% in April-June quarter – Nomura
Fundamental Forex Analysis

India’s economy to contract 14.5% in April-June quarter – Nomura

Dushyant Padmanabhan and Sonal Varma, India analysts at Nomura, wrote in the latest client note, the Indian government is expected to increase its borrowing in H2 2020 while the economy is likely to contract sh...

Coronavirus damages India’s growth and fiscal outlook
Fundamental Forex Analysis

Coronavirus damages India’s growth and fiscal outlook

In its latest projections on the Indian economy, Fitch Ratings revised down India’s economic growth forecast to 0.8% in the fiscal year ending March 2021 (FY21). Additional takeaways Expect India’s growth to r...

India’s growth to fall to 29-year low of 2.2% in FY 20/21 – Morgan Stanley
Fundamental Forex Analysis

India’s growth to fall to 29-year low of 2.2% in FY 20/21 – Morgan Stanley

Morgan Stanley’s India Economist, Upasana Chachra, said in her latest client note, India’s gross domestic product (GDP) growth is seen falling to a 29-year low of 2.2% this financial year before recovering to 5...

Moody's cuts India GDP growth in 2020 to 2.5% amid coronavirus crisis
Fundamental Forex Analysis

Moody’s cuts India GDP growth in 2020 to 2.5% amid coronavirus crisis

According to the Global Macro Outlook 2020-21 released on Friday, Moody’s Investors Service has slashed India’s 2020 GDP growth estimates by more than half to 2.5%, as the economy is likely to take a hit follow...

India's GDP likely expanded 4.7% in December quarter
Fundamental Forex Analysis

Coronavirus outbreak will not have much impact on next fiscal’s economic growth

Amid growing concerns over the global economic fallout from the coronavirus outbreak, India’s Chief Economic Advisor (CEA) Krishnamurthy Subramanian said on Thursday, the outbreak will not have much impact on t...

India's GDP likely expanded 4.7% in December quarter
Fundamental Forex Analysis

India’s GDP likely expanded 4.7% in December quarter

According to the latest Reuters poll of economists, Indian economic growth is seen expanding slightly in the October-December period after the GDP growth rate hit a six-year low in the previous quarter. Key fin...

Economic growth set to bounce back from over six-year low
Fundamental Forex Analysis

Economic growth set to bounce back from over six-year low

Indian economic growth is likely to rebound from more than a six-year low of 4.5% in the July-September quarter, Sanjeev Sanyal, principal economic adviser at the Indian Finance Ministry told Reuters on Tuesday...

India: CPI likely hit a near six-year high in January
Fundamental Forex Analysis

India: CPI likely hit a near six-year high in January

According to a small majority of economists polled by Reuters, India’s retail inflation is likely to reach a near six-year high in January amid higher food prices. Key Quotes “The Feb. 5-7 poll consensus of mor...