India: Poor Portents for Exports and Inflation

India: Revenues on a Better Footing with Further Tweaks Underway

India: Fiscal Slippage an Increasing Possibility

India: Economy Normalises Further as Politics Takes an Interesting Turn

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

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Economic Policy and Strategic Advisors

Macroeconomics

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<strong>The Reserve Bank of India (RBI) retained a neutral policy stance</strong> in its first bi-monthly policy review of the new fiscal year, as key policy rates were unchanged. In light of stronger domestic demand ahead in the new fiscal year, GDP growth was forecasted to accelerate from 6.6% in FY18 to 7.4% in FY19 (1HFY19: 7.3-7.4%, 2HFY19: 7.3-7.6%). However, the CPI inflation projections were revised downwards to between 4.7-5.1% in 1HFY19 and 4.4% in 2HFY19 with risks tilted to the upside.</li>
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<strong>Direct tax</strong>…</li>
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The Reserve Bank of India (RBI) retained a neutral policy stance in its first bi-monthly policy review of the new fiscal year, as key policy rates were unchanged. In light of stronger domestic demand ahead in the new fiscal year, GDP growth was forecasted to accelerate from 6.6% in FY18 to 7.4% in FY19 (1HFY19: 7.3-7.4%, 2HFY19: 7.3-7.6%). However, the CPI inflation projections were revised downwards to between 4.7-5.1% in 1HFY19 and 4.4% in 2HFY19 with risks tilted to the upside.

Direct tax…


India: Sanguine RBI Stood Pat; Fiscal Slippage a Growing Concern