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  • Ecoscope: States ' capex crashes in 1QFY18

    We note that the central government spent profusely in 1QFY18 due to the advancement of the Union Budget by a month, achieving ∼81 % of the budgeted estimates (BE)  for the fiscal deficit b..

  • Ecoscope The Economy Observer : CPI inflation surprises on t..

    CPI inflation inched up to 2.4 % YoY in July 2017 from 1.5 % in the previous month, much higher than our estimate of 1.9 % and market consensus of 2 %. The surprise can largely be attributed to a shar..

  • Union Budget 2017-18: Realistic numbers add credibility

    The government pegs FY18 fiscal deficit target at 3.2 % of GDP, lower than 3.5 % forFY17, but slightly higher than the self-committed target of 3 % of GDP. Since primary deficit and debt-to-GDP ratio ..

  • What to expect from Union Budget 2017-18?

    The Union Budget 2017-18 is scheduled to be released on 1st February 2017. Uncertainty looms large ahead of the budget, especially with the economic impact of demonetization still unfolding and the ti..

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