PowerShares India ETF

India (PIN) has strengthened its ties with Asian powerhouses (GRR) like Japan (JEQ) (EWJ) and Singapore (SGF).

“Banks are there to support businesses that have justifiable needs.” – Vijay Mallya, Indian businessman and politician, 2015 If corporate India is to thrive, it needs a healthy, functioning banking system. Socially useful projects and initiatives require capital and banks should be able to allocate this capital efficiently. While progress is being made, India’s banks […]

Global investors’ perception of India has dramatically transformed in the last two years.

The service sector PMI (purchasing mangers’ index) in India (INDA) rose to 53.1 in June 2017, compared to 52.2 in May.

Uncertainty related to India’s new goods and services tax, which was implemented on July 1, 2017, seemed to affect India’s manufacturing activity in June 2017.

Manufacturing activity in India lost momentum in May 2017, with the India Manufacturing PMI (purchasing managers’ index) recording a decline.

Economic growth in India (INDA) slowed during the country’s fiscal 4Q16 (January 2017–March 2017), revealing the impact of demonetization.

The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.

India’s trade gap increased 173.5% on a year-over-year basis to ~$13.3 billion in April 2017, beating the market’s expectations of an ~$12.8 billion gap.

India’s stock market performance has picked up pace since the beginning of 2017. The S&P BSE Sensex has gained about 10% year-to-date through May 18, 2017.

Long-Term Outlook Remains Positive for Gold Bull Market Our view on the long-term gold price is unchanged. We see the recent weakness as a consolidation phase within what we believe is the early stages of the next bull market for gold. We continue to believe dislocations created by the unconventional policies being implemented by central […]

The two benchmark equity indices—the Nifty 50 and the S&P BSE Sensex—fell each trading day since the demonetization except for November 10 and November 22.

The demonetization of the 500 rupee note and the 1,000 rupee note will likely hit the Indian economy hard in the short term.

The 500 rupee note and the 1,000 rupee note were demonetized at midnight on November 8. The move aimed to curb black money in the financial system.

Gold bullion ended September at $1,315.75 per ounce for a 0.5% gain while gold stocks experienced more positive returns. The NYSE Arca Gold Miners Index[1. NYSE Arca Gold Miners Index (GDMNTR) is a modified market capitalization-weighted index comprised of publicly traded companies involved primarily in the mining for gold] (GDMNTR) posted a 3.8% gain, while […]

Gold has fallen below $1,300 per ounce and broken below the longer-term trend line that had been established this year.

In its October World Economic Outlook, the IMF projected that India’s economic growth would reach 7.6% in both 2016 and 2017.

Equities gain Indian equities rose on October 4, 2016, the day of the RBI’s (Rerserve Bank of India) latest monetary policy announcement. The central bank’s cut of its repo rate had a positive effect on equities, with bonds rising initially along with the Indian rupee. Banking and telecom stocks were among major gainers during the […]

Components of inflation While food inflation in India has been pushing retail inflation up, fuel inflation (BP) (STO) (RDS.B), another important component, has been subdued. According to the October monetary policy statement issued by the RBI (Reserve Bank of India), “Fuel inflation has moderated steadily through the year so far.” The RBI has also announced […]

Consumer prices increased in India by 5.8% in June 2016 on a year-over-year basis.

Digital India aims to make government services available to all Indian citizens electronically by providing countrywide Internet connectivity and infrastructure.

The GST bill was passed by both houses of the Indian parliament on August 8, 2016.

Despite the impressive reform agenda and robust GDP growth, there are several challenges facing the Indian economy (PIN) (EPI).

Indian equities fell on August 9, the day of the monetary policy announcement. Benchmark equity indices like the S&P BSE Sensex and the Nifty 50 fell 0.4%.

The RBI thinks that risks to inflation are “tilted to the upside.” A subsequent rise in inflation could have a negative impact on consumer spending.

Are Indian corporate earnings likely to turn around? Earnings have been flat since late 2014.

In its 25th annual Global Economic Prospects report, the World Bank did not have many good things to say about the global economy in 2016.

Industrial production remains a problem for India, with the RBI (Reserve Bank of India) noting that the index measuring industrial production decelerated in fiscal 2015–16.

The WSA expects global steel consumption to grow by 0.5% in 2015 on a YoY basis. This was highlighted in the short range outlook released on April 20.

The Make in India campaign, introduced last September, is expected to create job opportunities for at least 100 million youths in India over time.

India produces a little under a quarter of its crude oil demand. The EIA estimates that India had close to 5.7 billion barrels of proven oil reserves at the beginning of 2014.

In India, the consumption of oil products saw steady growth over the years. The CAGR (compound annual growth rate) for the ten years ending in March 2014 is above 3.5%.

Before moving on to India’s petroleum consumption, production, and refining, it would be beneficial to take a look at the various products that India produces and consumes.

The primary reason for India’s slow infrastructure development is poor implementation.

Doing business has been a major concern for international businesses interested in setting up shop in India.

The RBI is India’s central bank. It used to announce its monetary policy twice in a financial year. In India, a financial year begins in April and ends in March the next year.

Plan expenditure is closely associated with economic growth. It focuses on investment in order to enhance productive capacity. Non-plan expenditure is mainly obligatory in nature.

In India, the decision-making process isn’t fast. It’s affected by the current assembly’s constitution. Slow decisions hurt a nation’s image.