CEA expects private sector capex to touch Rs.6 trillion in FY23

According to chief economic advisor (CEA) V Anantha Nageswaran, economists’ projections of India’s GDP growth for 2022-23 in the range of 6.5 per cent to 7 per cent looks reasonable. However, risks to six per cent GDP growth estimates for 2023-24 are to the upside. On drivers of economic growth, he stated there has been a threefold increase in capital expenditure (capex) of the public sector in the last 10 years. Capex by the private sector also touched Rs.3 trillion during April-September 2022 and if the pace continues, capex should be Rs.6 trillion by March 2023. The CEA further stated that the country’s current account deficit (CAD) is expected to be 3-3.2 per cent of GDP for 2022-23.

References
1. https://www.financialexpress.com/economy/private-sector-capex-likely-at-rs-6-trn-in-fy23-cea-v-anantha-nageswaran/2890652/
2. https://www.business-standard.com/article/economy-policy/indian-economy-expected-to-maintain-growth-above-6-5-in-coming-years-cea-122112401240_1.html
3. https://www.business-standard.com/article/economy-policy/india-s-cad-deficit-pegged-at-3-3-2-of-gdp-in-fy23-cea-nageswaran-122112401266_1.html
4. https://economictimes.indiatimes.com/news/economy/policy/india-witnessing-revival-of-private-capital-expenditure-chief-economic-adviser-v-anantha-nageswaran/articleshow/95740651.cms
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 1.62
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: 08 Feb 2023 9:28AM
Quarterly Financials of Listed Companies
(% change) Mar 22 Jun 22 Sep 22 Dec 22
All listed Companies
 Income 20.8 40.1 25.1 19.2
 Expenses 19.8 41.4 27.1 20.0
 Net profit 31.6 21.1 -1.5 3.2
 PAT margin (%) 8.8 7.2 7.8 9.7
 Count of Cos. 4,686 4,704 4,585 1,628
Non-financial Companies
 Income 24.8 50.1 27.9 17.8
 Expenses 25.7 52.9 31.5 19.8
 Net profit 10.1 8.4 -21.1 -14.2
 PAT margin (%) 7.6 5.7 5.6 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 3,375 1,200
Numbers are net of P&E
Updated on: 08 Feb 2023 9:28AM
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