The PMI surveys for April released this week suggest that India’s economy started Q2 on a strong footing. But they are at odds with several other indicators that point to an unspectacular near-term outlook. What's more, inflation is now within the RBI’s 2-6% target range and is likely to stay there for the foreseeable future, supporting our view that the tightening cycle has now come to an end.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.