Our India Chart Pack has been updated with the latest data and our analysis of recent developments.
India’s economy performed exceptionally well last year and the latest data suggest that it has made a flying start to 2024 too. While inflation eased last month, we think it will be a slow grind back to the 4% midpoint of the RBI’s 2-6% target range. That suggests to us that the central bank is unlikely to pivot yet. We think rate cuts will only materialise in the second half of the year.
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