India

In line with our call, the Reserve Bank of India (RBI) kicked off its monetary easing cycle in April, albeit by a larger-than-expected 50 basis points (bps), taking the benchmark repo... 2012-05-04

New Delhi's proposed introduction of retrospective taxation of cross border flows and a General Anti-Avoidance Rule (GAAR) on investment from traditional tax havens is another blow... 2012-05-04

Even though Indian industrial production (IP) growth for the month of January surprised to the upside, coming in at a seven-month high 6.8% y-o-y (up from 2.5% in December), we believe... 2012-03-27

India's Union Budget for FY2012/13 (April-March) has ended a period of uncertainty for carmakers, particularly surrounding the future of diesel prices. The decision not to tax diesel,... 2012-03-27

In January, headline wholesale price inflation (WPI) dropped for the fourth straight month, bolstering our view that interest rate cuts by the Reserve Bank of India (RBI) are imminent.... 2012-03-02

The Indian government is set to approve a proposal to impose a 19% duty - 5% custom duty, 10% countervailing (anti-subsidy) duty and 4% additional duty - on imported power generation... 2012-03-02

While the government's decision to allow full foreign ownership in the country's single-brand retail sector is a positive step towards economic liberalisation, we highlight that the... 2012-02-03

Purchasing managers indices (PMI) for the month of January came in much stronger than expected, posing upside risk on our end-FY2011/12 (April-March) real GDP growth forecast of 6.8%.... 2012-02-03

BMI View: India is increasing its involvement in Afghanistan in preparation for the departure of most foreign combat troops at the end of 2014. New Delhi's main interest is to undermine... 2012-01-31

In a recent visit to Russia, Prime Minister Manmohan Singh stated that both countries have finalised the terms and conditions for a Russian loan for the construction of the third and... 2012-01-04