News

Perspective on CPI data By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on CPI data By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings CPI Inflation remained above MPC’s upper target of 6% for the second consecutive month in February 2022. The CPI inflation rate increased marginally to 6.07% in February 2022 from 6.01% in January. The current level of inflation is the highest in the last eight months and also higher than the 5.03% in February 2021. Higher food inflation at 5.85% seems to be du...
Perspective on CPI data By Dr. M Govinda Rao, Brickwork Ratings
Perspective on CPI data By Dr. M Govinda Rao, Brickwork Ratings
Source: Brickwork Ratings
15/03/2022 11:03:54 AM
Perspective on the second advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings Below is Perspective on the second advance estimates of GDP for FY22 By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings “The Ministry of Statistics and Programme Implementation (MOSPI) has revised the GDP for FY22 lower to 8.9% in its second advance estimate from 9.2% estimated in the first advance estimates. For Q3, the estimated GDP growth is at 5.4% as against BWR’s estimates of 5.8%. The growth estimates for the full fiscal are broadly in li...
Perspective on the second advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings
Perspective on the second advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings
Source: Brickwork Ratings
1/03/2022 9:23:14 AM
Perspective on the CPI By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on the CPI By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings “The CPI inflation rate increased to 6.01% in January 2022 from the revised 5.66% in December 2021. The current level of inflation is the highest in the last seven months and also higher than the 4.06% in January 2021. Core inflation moderated to 5.96% from 6.01%. The prices of food items have shown a steep rise from 4.05% in December to 5.43% in January, due ...
Perspective on the CPI By Dr. M Govinda Rao, Brickwork Ratings
Perspective on the CPI By Dr. M Govinda Rao, Brickwork Ratings
Source: PR Agency
15/02/2022 11:18:43 AM
Perspective on the CPI & IIP data By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on the CPI & IIP data By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings As expected by Brickwork Ratings, the CPI inflation rate crossed 5.5% though only marginally to 5.59% in December 2021. It was 4.59% in December last year. Both core inflation and fuel inflation softened marginally, however, they are still at elevated levels. Fuel inflation eased to 10.95% from 13.35% in November due to softening international crude oil pr...
Perspective on the CPI & IIP data By Dr. M Govinda Rao, Brickwork Ratings
Perspective on the CPI & IIP data By Dr. M Govinda Rao, Brickwork Ratings
Source: PR Agency
13/01/2022 10:52:48 AM
Perspective on Advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on Advance estimates of GDP for FY22 By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings The advance estimate of GDP for FY22 released by the Ministry of Statistics and Programme Implementation (MOSPI) are more optimistic at 9.2%, considering the supply bottlenecks, coal, power and semiconductor shortages and looming third wave of the pandemic. The advance estimates are the extrapolation of the numbers based on the six to eight months of...
Perspective on Advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings
Perspective on Advance estimates of GDP for FY22 By Dr. M Govinda Rao, Brickwork Ratings
Source: PR Agency
8/01/2022 10:48:27 AM
Perspective on the Fiscal Deficit data By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on Fiscal Deficit data By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings “The data on fiscal trends in November 2021 released by the Controller General of Accounts (CGA) shows that cumulative fiscal deficit up to the month of November 2021 adds up to 46.2% of the whole year’s budget estimate and is substantially lower than that of 135% recorded for the same period last year. The capital expenditure has increased by 13.5% and c...
Perspective on the Fiscal Deficit data By Dr. M Govinda Rao, Brickwork Ratings
Perspective on the Fiscal Deficit data By Dr. M Govinda Rao, Brickwork Ratings
Source: PR Agency
1/01/2022 9:55:47 AM
Perspective on the CPI data By Dr. M Govinda Rao, Brickwork Ratings Below is perspective on the CPI data By Dr. M Govinda Rao, Chief Economic Adviser at Brickwork Ratings Although there is a marginal increase in the inflation rate in the last two months, it is below the market expectation of 5%. The food and fuel inflation are expected to be volatile due to exogenous factors like weather and global commodity prices.  However, elevated level of core inflation at over 6 per cent in the last two months is a matter for concern.  T...
Perspective on the CPI data By Dr. M Govinda Rao, Brickwork Ratings
Perspective on the CPI data By Dr. M Govinda Rao, Brickwork Ratings
Source: PR Agency
14/12/2021 10:15:19 AM