Shape of recovery will be V-shaped, says RBI

by Nidhi Bhati

In India, recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target, the Reserve Bank of India (RBI) stated in its January 2021 bulletin. India’s real GDP growth is projected to be 0.1 per cent. The central bank believes that if current momentum sustains, policy space could open up to further support. The vaccination drive against the pandemic has brought in a new optimism and indicates V shaped recovery, it said. During the first half of the next fiscal, the RBI stated that the GDP growth will benefit from statistical support and is likely to be mostly consumption-driven.

References
1. https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR9748D59F4B7FA2D4F939F537CA496EEAA9D.PDF
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.0 +0.1
Consumer Sentiments Index
Base September-December 2015
55.3 +0.7
Consumer Expectations Index
Base September-December 2015
57.4 +0.5
Current Economic Conditions Index
Base September-December 2015
52.0 +0.9
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.82 0.86 1.15 0.91
Completed projects 1.73 0.26 0.72 0.68
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.36 0.11
Implementation stalled projects 10.22 0.09 0.07 0.12
Updated on: 25 Feb 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.3 1.5
 Expenses -1.8 -27.9 -10.3 -0.1
 Net profit -51.1 -40.3 47.2 58.4
 PAT margin (%) 2.2 5.3 8.4 8.6
 Count of Cos. 4,374 4,370 4,365 4,299
Non-financial Companies
 Income -9.0 -37.4 -10.5 0.0
 Expenses -4.8 -37.7 -14.2 -1.0
 Net profit -52.2 -56.0 31.5 55.2
 PAT margin (%) 3.1 4.5 8.1 9.0
 Net fixed assets 13.5 5.8
 Current assets 2.5 0.7
 Current liabilities 5.4 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.7 4.4
 Count of Cos. 3,256 3,252 3,250 3,205
Numbers are net of P&E
Updated on: 25 Feb 2021 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.5 -0.2
 Expenses 9.9 13.8 0.1
 Net profit -41.4 16.6 -12.8
 PAT margin (%) 1.9 2.2 3.6
 Assets 10.9 9.6 9.2
 Net worth 7.3 8.4 4.6
 RONW (%) 3.3 3.9 5.3
 Count of Cos. 30,112 29,570 11,060
Non-financial Companies
 Income 8.6 14.1 -3.0
 Expenses 8.8 14.3 -2.4
 Net profit -9.8 21.1 -22.6
 PAT margin (%) 2.7 3.0 3.7
 Net fixed assets 7.2 5.5 11.8
 Net worth 6.0 8.0 1.6
 RONW (%) 5.6 6.5 6.5
 Debt / Equity (times) 1.0 1.0 0.9
 Interest cover (times) 2.1 2.3 2.5
 Net working capital cycle (days) 78 71 59
 Count of Cos. 24,243 23,774 8,018
Numbers are net of P&E
Updated on: 19 Feb 2021 9:59PM