October and November data signal resilient economic momentum supported by firm demand as fewer working days tempered industrial production and energy use softened. Autos and EVs led consumption on lower GST rates even as logistics and core infrastructure moderated. Q2FY26 GDP data reinforces robust growth momentum, while benign …
Monthly Economic Research Report — November 2025 Read more »
September data signals improving economic activity with FY2026 GDP forecasts revised higher. Consumption strengthens across digital payments, toll, fuel demand, and air travel with EV adoption surging, though 3-wheelers decline. Supply indicators mixed: robust ports, rail, e-way bills, capex rebound, and steady goods exports contrast with moderate …
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NIIF’s September Monthly Economic Report on India (MERI) shows sustained momentum in the Indian economy in August despite mixed signals. Core infrastructure activity remains steady with capex maintaining YTD trajectory while digital payments and EV adoption accelerate. However, softening logistics and moderating fiscal revenues suggest near-term headwinds. Monetary transmission gains traction as banks pass through rate …
Monthly Economic Research Report – September 2025 Read more »
India’s economy demonstrates resilience with robust Q1FY26 GDP growth amid global uncertainties. July indicators present mixed signals – positive momentum in logistics, infrastructure production, surging EV demand, and record renewable generation, while overall industrial growth and auto demand remain subdued. Above-normal monsoon moderates electricity demand, though spatially skewed rainfall poses risks …
Monthly Economic Research Report – August 2025 Read more »
India encounters divergent economic trends amid global uncertainties as high-frequency indicators show softening industrial output and 4W vehicle demand alongside sustained momentum in capex, services trade, and air-road travel. Central government accelerates capex spending in April-May while industrial investment builds, …
India’s economy navigated a complex global landscape in May, showing measured moderation amid rising geopolitical tensions. While US oil production growth over the past decade has diversified global energy supply, trade uncertainties persisted with US tariffs and China’s rare earth …
The Indian economy maintains steady growth momentum amidst continued global policy uncertainty. Domestic demand strength shows through record-high air travel and road toll collections in April, supported by steady infrastructure activity with cement and steel production maintaining consistent growth. Trade …
India’s economy remains resilient amid rising global uncertainty reflecting in record high gold prices and elevated US yields. Robust core infrastructure with record high cement, steel, and coal output reflect strong housing and energy demand. Strong logistics movement seen in …
The Indian economy shows mixed trends through November-December. Industrial output rebounds in November, with stable power demand and renewable contribution exceeding seasonal patterns. Multiple indicators reach peak levels: toll collections, domestic air traffic, tractor registrations, and SIP flows. Enhanced reservoir …
Monthly Economic Research Report – January 2025 Read more »
The Indian economy shows mixed trends. Services sector remains strong, as evidenced by high PMI and e-way bill growth. Ports and railways freight movement showed steady growth. Industrial output and electricity generation faced challenges partly due to base effects as …
Monthly Economic Research Report – October 2024 Read more »
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