The latest monthly activity data suggest that investment staged a stronger recovery than we had anticipated at the end of 2020 and, as such, we are nudging up our estimate of Q4 GDP. Meanwhile, the rise in the price of oil this week - and our view that it will increase further over the coming months - does not pose a significant threat to India's external sector.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.