7 July 2022 India's Q2 PMIs were Solid, but are They Strong Enough

Miguel Chanco (Chief EM Asia Economist)6th Jul 2022 14:49Emerging Asia, Daily Monitor

India’s complete PMIs for Q2 show an improvement in momentum, with services in the driver’s seat...

...But they signal “just” 12% GDP growth, well below expectations; we’re not budging on our Q2 forecast.

The forward-looking gauges suggest momentum will carry over to Q3, though price rises remain hot.

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