DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GDP Figures Eyed

INDIA

GDP figures for Q1 will be released later in the session, consensus for the Y/Y figure is 1.0% from 0.4% previously while GVA (gross value added) is expected at 2.6% from 1.0% last time out.

  • Goldman Sachs are more optimistic than median estimates: "We expect real GVA growth to have improved to 3.0% yoy. in 2021 Q1 from 1% yoy in 2020 Q4 on the back of improvements in both manufacturing and services sector indicators that we track in our weekly update. However, because of an increase in food subsidy payouts in FY21 to retire arrears due to Food Corporation of India (FCI) accumulated over prior years, we expect real GDP growth to remain at 0.4% yoy (Bloomberg consensus: 0.9% yoy, 2020 Q4: 0.4% yoy) despite higher than budgeted indirect tax collections (note: GDP = GVA + indirect taxes – subsidies). For FY21, we expect real GDP growth at -7.6% yoy (BBG consensus: -7.5% yoy)"
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.