Govt reforms to lay foundation of higher growth: CEA

Chief economic advisor (CEA) Krishnamurthy Subramanian believes that the recent reforms initiated by the government will lay the foundation of higher growth. Reforms on judicial side and overall government capacity to deliver public goods can each add 1-1.5 percentage points to GDP, he added. In addition, there is a need to improve the competitiveness of the manufacturing sector which, in turn, will help in job creation and promote inclusive growth. Hailing the government’s production linked incentive (PLI), the CEA stated that it incentivises growth. Also, recognition of the private sector’s role to provide economically optimal level of activities is also an important part of the growth vision, he added.

References
1. https://www.business-standard.com/article/economy-policy/recent-reforms-will-lay-foundation-of-higher-growth-cea-subramanian-121111801509_1.html
2. https://www.business-standard.com/article/economy-policy/rakesh-mohan-krishnamurthy-subramanian-sing-divergent-tunes-on-pli-scheme-121111900042_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.0 +0.3
Consumer Sentiments Index
Base September-December 2015
60.3 0.0
Consumer Expectations Index
Base September-December 2015
62.1 +0.5
Current Economic Conditions Index
Base September-December 2015
57.5 -0.8
Quarterly CapEx Aggregates
(Rs.trillion) Dec 20 Mar 21 Jun 21 Sep 21
New projects 1.50 2.22 2.63 2.05
Completed projects 0.87 1.17 0.72 1.06
Stalled projects 0.30 0.26 0.32 0.03
Revived projects 0.15 0.22 0.12 0.25
Implementation stalled projects 0.20 0.32 0.25 0.22
Updated on: 27 Nov 2021 9:28AM
Quarterly Financials of Listed Companies
(% change) Dec 20 Mar 21 Jun 21 Sep 21
All listed Companies
 Income 1.6 15.1 39.3 27.8
 Expenses 0.1 7.4 38.9 27.2
 Net profit 58.1 330.6 134.8 52.9
 PAT margin (%) 8.4 8.8 9.0 9.7
 Count of Cos. 4,456 4,376 4,460 4,463
Non-financial Companies
 Income 0.2 17.8 56.4 35.8
 Expenses -0.7 10.6 57.4 36.3
 Net profit 52.1 223.4 200.8 59.5
 PAT margin (%) 8.8 9.0 8.5 8.9
 Net fixed assets 2.3 13.9
 Current assets 4.3 17.3
 Current liabilities 0.8 7.1
 Borrowings -4.3 21.1
 Reserves & surplus 11.7 18.6
 Count of Cos. 3,281 3,239 3,290 3,265
Numbers are net of P&E
Updated on: 27 Nov 2021 9:28AM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.3 0.3 -2.2
 Expenses 13.6 0.3 -4.5
 Net profit 15.1 -11.1 46.8
 PAT margin (%) 2.1 2.1 6.8
 Assets 9.8 8.6 12.5
 Net worth 8.5 4.6 13.5
 RONW (%) 3.7 3.5 8.8
 Count of Cos. 32,262 31,180 7,893
Non-financial Companies
 Income 14.0 -1.5 -4.5
 Expenses 14.2 -1.2 -6.3
 Net profit 21.6 -20.7 36.0
 PAT margin (%) 2.9 2.4 6.4
 Net fixed assets 5.6 10.4 1.9
 Net worth 7.9 2.3 11.3
 RONW (%) 6.4 5.0 9.9
 Debt / Equity (times) 1.0 1.1 0.7
 Interest cover (times) 2.3 1.9 3.5
 Net working capital cycle (days) 74 81 66
 Count of Cos. 25,777 24,849 5,777
Numbers are net of P&E
Updated on: 19 Nov 2021 9:14PM