India’s manufacturing PMI reading edged up in March and points to healthy growth in the sector. This should provide some added source of comfort to the RBI to hike rates again this Thursday. But the survey also shows that prices pressures are well past the peak, supporting our view that the tightening cycle won’t run any further than this week.
EM Drop-In (6th Apr.): Our latest EM online briefing is all about the risks around the recent bank turmoil, including potential economic spill-overs and the state of EM bank balance sheets. Register now.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services