India Monetary Policy – Has EM Turbulence Spooked the RBI?

Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<p>India is getting harder and harder to analysis as an economist. Macroeconomic data quality has always been poor at the best of times, but half reliable measures including monetary aggregates and industrial output have been rendered useless following demonetisation and last year’s introduction of the goods and sales tax (GST).</p><p>Figure 1 is a case in point. Industrial output measured on year on year basis appears to be slowing fast but is it? Yes output as of March was rising by 4.5% sharply down…</p>

India is getting harder and harder to analysis as an economist. Macroeconomic data quality has always been poor at the best of times, but half reliable measures including monetary aggregates and industrial output have been rendered useless following demonetisation and last year’s introduction of the goods and sales tax (GST).Figure 1 is a case in point. Industrial output measured on year on year basis appears to be slowing fast but is it? Yes output as of March was rising by 4.5% sharply down…

India Economy And Banks - It Ain't Over Yet