EM Local Rates Monitor India: GDP growth averaged 7.2% in 1HFY17; sharp slowdown ahead Capex spending declines in October; fiscal impact of demonetisation to be neutral in FY17 Follow the Money: Locusts Recovery getting delayed to FY18; medium-term growth story remain intact China Gas and Petrochemical Sector: Equilibrium of supply and demand may occur in H117 with OPEC's production cut deal Thailand economy Strong project growth to continue over the next few years 1H17 result: Reduced FY operating margin guidance a negative Margin to improve in FY16E