RBI cuts GDP growth forecast for 2019-20 to 6.9%

by Manasi Swamy

The Reserve Bank of India (RBI) revised its GDP growth projection for 2019-20 downwards to 6.9 per cent in the third bi-monthly policy statement released on 7 August 2019. The apex bank had projected the economy to grow by seven per cent in its last bi-monthly monetary policy review released in June 2019. The RBI cited weakening of both domestic and external demand conditions, suggested by various high frequency indicators, as the reason for the downward revision. It expects the GDP growth to range between 5.8 and 6.6 per cent in the first half of 2019-20 and the growth to improve to 7.3-7.5 per cent in the second half, helped by the positive impact of monetary policy easing since February 2019 and the low base effect.

References
1. https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=47818
CMIE STATISTICS
Unemployment Rate
Per cent
7.9 +0.1
Consumer Sentiments Index
Base September-December 2015
104.1 0.0
Consumer Expectations Index
Base September-December 2015
104.8 0.0
Current Economic Conditions Index
Base September-December 2015
105.9 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 19 Jun 19 Sep 19 Dec 19
New projects 2.93 1.07 1.77 4.60
Completed projects 2.64 0.86 0.83 1.52
Stalled projects 2.68 0.13 0.40 0.60
Revived projects 0.17 0.29 0.53 0.81
Implementation stalled projects 1.57 0.98 0.81 0.15
Updated on: 26 Feb 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 19 Jun 19 Sep 19 Dec 19
All listed Companies
 Income 9.0 5.0 -1.9 -1.2
 Expenses 5.8 3.2 -2.7 -3.1
 Net profit 199.7 15.8 -3.3 12.7
 PAT margin (%) 3.7 6.2 5.3 6.5
 Count of Cos. 4,414 4,428 4,383 4,288
Non-financial Companies
 Income 8.5 2.9 -6.0 -5.0
 Expenses 8.3 2.3 -6.2 -5.8
 Net profit 1.4 -9.6 -15.8 -13.4
 PAT margin (%) 6.3 6.3 5.8 5.8
 Net fixed assets 5.7 10.6
 Current assets 13.5 4.9
 Current liabilities 8.1 5.7
 Borrowings 12.6 8.7
 Reserves & surplus 7.0 5.6
 Count of Cos. 3,309 3,325 3,296 3,224
Numbers are net of P&E
Updated on: 26 Feb 2020 8:28PM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 7.9 14.8
 Expenses 6.1 9.4 15.0
 Net profit 26.8 -39.5 27.1
 PAT margin (%) 3.4 2.1 3.6
 Assets 8.5 10.9 9.7
 Net worth 9.5 7.7 8.7
 RONW (%) 5.8 3.6 5.7
 Count of Cos. 26,883 23,969 13,337
Non-financial Companies
 Income 5.8 8.1 15.7
 Expenses 6.0 8.1 15.9
 Net profit 23.5 -8.0 25.1
 PAT margin (%) 3.0 2.8 4.6
 Net fixed assets 9.2 7.0 5.5
 Net worth 8.8 6.2 7.6
 RONW (%) 6.2 5.8 8.9
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 3.0
 Net working capital cycle (days) 84 75 57
 Count of Cos. 22,034 19,568 10,286
Numbers are net of P&E
Updated on: 19 Feb 2020 11:18AM