Piyush Goyal calls upon VCs to focus on startups from smaller towns

Commerce & Industry Minister Piyush Goyal has urged global venture capital (VC) funds to focus more on startups from tier two and three cities in India. Chairing the fourth Roundtable with Global Venture Capital Funds, organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Goyal invited the VCs to explore new sectors for investing, promote and protect the intellectual property created by the young Indian entrepreneurs, provide expertise to scale-up and explore greater capital infusion including risk capital.

References
1. https://pib.gov.in/PressReleasePage.aspx?PRID=1789898
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.3 +0.4
Consumer Sentiments Index
Base September-December 2015
69.7 -0.3
Consumer Expectations Index
Base September-December 2015
69.4 -0.4
Current Economic Conditions Index
Base September-December 2015
70.1 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Jun 21 Sep 21 Dec 21 Mar 22
New projects 2.89 3.14 3.47 4.92
Completed projects 0.73 1.28 2.76 1.05
Stalled projects 0.33 0.28 0.06 0.29
Revived projects 1.14 0.39 2.06 0.28
Implementation stalled projects 0.64 0.25 0.65 0.07
Updated on: 18 May 2022 8:28PM
Quarterly Financials of Listed Companies
(% change) Jun 21 Sep 21 Dec 21 Mar 22
All listed Companies
 Income 42.2 27.5 23.5 21.8
 Expenses 41.9 26.7 21.7 20.0
 Net profit 139.6 55.1 31.9 38.4
 PAT margin (%) 9.0 9.6 9.0 10.3
 Count of Cos. 4,558 4,678 4,690 1,063
Non-financial Companies
 Income 61.0 35.7 29.3 29.1
 Expenses 62.6 36.0 29.1 29.7
 Net profit 192.7 59.7 18.4 18.1
 PAT margin (%) 8.4 8.8 7.5 9.1
 Net fixed assets 4.9 -0.8
 Current assets 10.8 18.4
 Current liabilities 0.8 10.4
 Borrowings 12.1 7.9
 Reserves & surplus 12.4 10.0
 Count of Cos. 3,332 3,383 3,402 760
Numbers are net of P&E
Updated on: 18 May 2022 8:28PM
Annual Financials of All Companies
(% change) FY20 FY21 FY22
All Companies
 Income 0.5 -0.9 16.1
 Expenses 0.3 -3.3 16.7
 Net profit -4.9 72.5 24.3
 PAT margin (%) 2.0 4.5 12.3
 Assets 8.9 9.6 3.3
 Net worth 4.6 11.5 5.2
 RONW (%) 3.4 7.0 12.4
 Count of Cos. 32,202 29,546 46
Non-financial Companies
 Income -1.3 -2.0 16.2
 Expenses -1.0 -4.1 17.4
 Net profit -20.8 63.1 20.8
 PAT margin (%) 2.2 4.2 11.1
 Net fixed assets 11.2 1.3 8.5
 Net worth 2.2 10.4 8.3
 RONW (%) 4.7 8.0 15.8
 Debt / Equity (times) 1.2 1.0 0.1
 Interest cover (times) 1.9 2.5 26.6
 Net working capital cycle (days) 81 84 38
 Count of Cos. 25,551 23,301 36
Numbers are net of P&E
Updated on: 12 May 2022 7:22AM