HDFC chairman expects Indian economy to expand by 8-10% in FY22

by Nidhi Bhati

Housing Development Finance Corp (HDFC) chairman Deepak Parekh expects the Indian economy to mirror a similar trend seen in 2020-21, where the first half of the financial year was weaker and the second half was significantly stronger. He believes that country’s strong economic fundamentals aided by the Reserve Bank of India (RBI)’s accommodative stance and government measures will help alleviate Covid-related stress and help in registering economic expansion of 8-10 per cent in 2021-22, albeit on a low base. However, in terms of overall macroeconomic environment, Parekh noted that unpredictability of the virus remains the key challenge.

References
1. https://economictimes.indiatimes.com/news/economy/indicators/economy-expected-to-make-a-strong-rebound-parekh/articleshow/84566018.cms
2. https://www.business-standard.com/article/economy-policy/economic-fundamentals-strong-recovery-underway-says-deepak-parekh-121072000462_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.9 -1.9
Consumer Sentiments Index
Base September-December 2015
52.1 0.0
Consumer Expectations Index
Base September-December 2015
54.8 0.0
Current Economic Conditions Index
Base September-December 2015
48.0 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Sep 20 Dec 20 Mar 21 Jun 21
New projects 1.99 1.25 1.87 1.81
Completed projects 0.76 0.85 1.10 0.57
Stalled projects 0.06 0.31 0.14 0.16
Revived projects 0.25 0.15 0.21 0.12
Implementation stalled projects 0.09 0.15 0.30 0.27
Updated on: 28 Jul 2021 3:28PM
Quarterly Financials of Listed Companies
(% change) Sep 20 Dec 20 Mar 21 Jun 21
All listed Companies
 Income -6.3 1.6 15.0 34.0
 Expenses -10.3 0.1 7.4 34.8
 Net profit 47.5 58.0 304.2 75.7
 PAT margin (%) 8.3 8.4 9.1 12.9
 Count of Cos. 4,419 4,433 4,211 382
Non-financial Companies
 Income -10.5 0.2 17.7 51.1
 Expenses -14.2 -0.7 10.6 56.0
 Net profit 31.7 54.4 218.4 81.9
 PAT margin (%) 8.1 8.8 9.3 13.0
 Net fixed assets 5.9 2.3
 Current assets 0.7 4.8
 Current liabilities -2.7 0.8
 Borrowings 8.3 -4.3
 Reserves & surplus 4.2 12.3
 Count of Cos. 3,278 3,293 3,143 289
Numbers are net of P&E
Updated on: 28 Jul 2021 3:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.4 0.0 2.8
 Expenses 13.8 -0.1 0.4
 Net profit 14.2 -7.3 33.8
 PAT margin (%) 2.1 2.1 9.5
 Assets 9.8 8.3 17.1
 Net worth 8.5 4.3 18.7
 RONW (%) 3.7 3.6 10.7
 Count of Cos. 31,492 30,180 1,463
Non-financial Companies
 Income 14.1 -1.9 -0.8
 Expenses 14.4 -1.7 -2.3
 Net profit 20.6 -18.4 15.0
 PAT margin (%) 2.9 2.4 10.9
 Net fixed assets 5.6 9.7 7.0
 Net worth 7.9 1.9 18.0
 RONW (%) 6.3 5.1 13.5
 Debt / Equity (times) 1.0 1.1 0.5
 Interest cover (times) 2.3 2.0 5.8
 Net working capital cycle (days) 73 80 32
 Count of Cos. 25,254 24,140 1,091
Numbers are net of P&E
Updated on: 28 Jul 2021 4:45PM