India to grow at moderately brisk rate: FinMin report

Indian economy is set to grow at a moderately brisk rate in the coming years on the back of macroeconomic stability, despite the global monetary tightening, the Ministry of Finance stated in its monthly economic review for October 2022. Continued macroeconomic stability of which fiscal prudence is a part and execution of various policies such as Gati Shakti, National Logistics Policy and the Production-Linked Incentive schemes lend further upside to India’s growth prospects. The ministry further stated that inflation would ease in the coming months with the arrival of kharif crops and hiring by firms is likely to increase with improvement in business prospects.

References
1. https://dea.gov.in/monthly-economic-report-table
2. https://www.business-standard.com/article/economy-policy/retail-inflation-expected-to-ease-in-coming-months-finance-ministry-122112401245_1.html
3. https://www.thehindubusinessline.com/economy/increasing-fear-recession-may-impact-indias-export-outlook-finmin-report/article66178365.ece
4. https://www.financialexpress.com/economy/global-slowdown-to-dampen-indias-exports-finance-ministry-report/2890544/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.3 +0.7
Consumer Sentiments Index
Base September-December 2015
84.9 0.0
Consumer Expectations Index
Base September-December 2015
84.0 0.0
Current Economic Conditions Index
Base September-December 2015
86.4 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 22 Jun 22 Sep 22 Dec 22
New projects 8.68 5.20 4.42 6.68
Completed projects 1.33 1.18 1.36 1.61
Stalled projects 0.43 0.53 0.07 0.01
Revived projects 0.33 0.29 0.12 0.32
Implementation stalled projects 0.09 0.29 0.26 0.11
Updated on: 07 Feb 2023 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 22 Jun 22 Sep 22 Dec 22
All listed Companies
 Income 20.8 40.1 25.2 19.3
 Expenses 19.8 41.4 27.1 20.3
 Net profit 31.6 21.1 -1.4 2.7
 PAT margin (%) 8.8 7.2 7.8 9.9
 Count of Cos. 4,686 4,704 4,582 1,443
Non-financial Companies
 Income 24.8 50.1 27.9 17.9
 Expenses 25.7 52.9 31.5 20.2
 Net profit 10.1 8.4 -21.0 -15.7
 PAT margin (%) 7.6 5.7 5.7 7.1
 Net fixed assets 2.0 4.1
 Current assets 15.0 19.1
 Current liabilities 11.6 10.4
 Borrowings 3.6 12.8
 Reserves & surplus 11.2 7.6
 Count of Cos. 3,398 3,424 3,373 1,058
Numbers are net of P&E
Updated on: 07 Feb 2023 8:28PM
Annual Financials of All Companies
(% change) FY20 FY21 FY22
All Companies
 Income 0.6 -1.4 26.0
 Expenses 0.3 -3.6 24.9
 Net profit -3.0 74.5 63.3
 PAT margin (%) 2.0 4.5 7.2
 Assets 8.9 10.7 9.9
 Net worth 4.8 12.0 14.0
 RONW (%) 3.4 6.9 11.5
 Count of Cos. 31,839 30,688 14,155
Non-financial Companies
 Income -1.1 -2.5 30.7
 Expenses -0.9 -4.4 30.4
 Net profit -20.5 62.4 61.3
 PAT margin (%) 2.3 4.0 6.2
 Net fixed assets 11.4 2.4 2.1
 Net worth 2.1 10.6 14.5
 RONW (%) 4.7 7.6 12.7
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 1.9 2.5 4.0
 Net working capital cycle (days) 73 82 59
 Count of Cos. 25,106 24,021 11,477
Numbers are net of P&E
Updated on: 04 Feb 2023 5:32PM