Morgan Stanley has revised India’s real GDP growth forecast for 2022-23 downwards by 30 basis points (bps) to 7.6 per cent. For 2023-24, the GDP growth is projected at 6.7 per cent. The brokerage has attributed the downward revision to global slowdown, surging oil prices and weak domestic demand. Morgan Stanley’s chief economist for India Upasana Chachra is of the view that the ongoing Russia-Ukraine conflict will likely elevate inflation, weaken consumer demand, tighten financial conditions, impact business sentiments and delay capex recovery. She further added that both inflation and current account deficit will likely get worse due to broad-based price pressures and record-high commodity prices.
References | ||
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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 |
Updated on : 17 May 2022 12:00AM |
(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 |
(% 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 |
(% 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 |