Blogs

The last three months or so have been very notable for global macro. The US Fed has executed a spectacular […]

We had previously highlighted our higher expected-CPI trajectory, for Q3 and Q4 of FY22, vs. the RBI’s December estimates (click

The Good The budget exercise over the past few years has undertaken the important initiative to progress along the path

The intent of the FY23 union budget is to nurture growth, primarily through public investment, as private investment is yet

Union Budget – 2022-23 largely revolves around the financial system where the overall, macro-economic stability indicators suggest that the Indian

Continued Policy focus on infrastructure spend supported with sharp increase in budgeted capital outlay Union budget 2022-23 underlined continuation of

The February policy review kept all rates unchanged as well as the accommodative stance maintained, with the usual one dissent.

The December monetary policy review contained a somewhat more dovish than expected assessment of the growth-inflation trade-off (https://idfcmf.com/article/6431 ). Thus

India’s November CPI (Consumer Price Index) at 4.9% y/y was below consensus and our expectation, although it picked up from

We have discussed in detail before the global and local factors that have led us to take a very conservative