Archive

August 31, 2023
IN.png

India GDP growth 7.82% y-o-y (consensus 7.7%) in Q2-23

- India's GDP growth rate in Q2-23 reached 7.82% y-o-y, marking the highest growth rate since Q2-22 while surpassing the previous quarter's growth and the consensus for 7.7%.
- The Q2-23 growth rate exceeded both the one-year average and the long-run average, indicating a robust expansion in India's economy.

August 14, 2023
IN.png

India CPI inflation 7.44% y-o-y (consensus 6.4) in Jul-23

- India's CPI inflation rate surged to 7.44% y-o-y in July 2023, exceeding the consensus estimate of 6.4% and marking the highest level since April 2022.
- The substantial deviation of 1.38 percentage points above the one-year average and 0.14 percentage points above the long-run average indicates a significant departure from the historical pattern.

August 14, 2023
IN.png

India wholesale price inflation -1.36% y-o-y (consensus -2.7) in Jul-23

- India's wholesale price inflation in July 2023 showed a smaller decline of 1.36% than anticipated, marking the highest growth rate since April 2023.
- Wholesale fuel and manufacturing prices performed better than expected, experiencing declines of 12.79% and 2.51% respectively, while wholesale food prices rose by 7.75% compared to the previous year.

August 11, 2023
IN.png

India industrial production 3.7% y-o-y in Jun-23

- India's industrial production grew by 3.7% year-on-year in June 2023, the lowest growth rate since March 2023 but still outpacing the one-year average by 0.34 percentage points.
- The growth rate in June 2023 was also significantly higher than the long-run average by 0.87 percentage points, indicating a strong performance in Indian industrial production.

By country