India has fiscal and monetary headroom to boost demand: Sanjeev Sanyal

by Nidhi Bhati

Addressing the India Global Week, Principal Economic Adviser Sanjeev Sanyal said that India has fiscal and monetary headroom to boost demand. Sanyal added that the government would soon undertake more measures to boost demand. Speaking on reforms, he emphasised that the government is trying to provide cushion for the vulnerable whereas for the small industries government has given 100 per cent guarantee to Rs.3 trillion worth of resources that the banks can lend off. The Principal Economic Adviser also hinted that the Reserve Bank of India (RBI) could further cut interest rates to further boost demand.

References
1. https://economictimes.indiatimes.com/news/economy/policy/govt-to-announce-measures- to-boost-demand-fiscal-monetary-headroom-available-sanjeev-sanyal/articleshow/76876 037.cms
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.5 -0.3
Consumer Sentiments Index
Base September-December 2015
52.1 -0.7
Consumer Expectations Index
Base September-December 2015
54.2 -0.5
Current Economic Conditions Index
Base September-December 2015
48.9 -0.9
Quarterly CapEx Aggregates
(Rs.trillion) Dec 19 Mar 20 Jun 20 Sep 20
New projects 5.55 3.97 0.78 0.76
Completed projects 1.66 1.78 0.25 0.69
Stalled projects 0.61 0.73 0.11 0.08
Revived projects 0.83 0.42 0.68 0.34
Implementation stalled projects 0.13 10.02 0.09 0.03
Updated on: 28 Nov 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 19 Mar 20 Jun 20 Sep 20
All listed Companies
 Income -1.7 -5.0 -27.6 -6.1
 Expenses -2.2 -1.9 -27.9 -10.1
 Net profit -10.9 -48.2 -40.2 45.1
 PAT margin (%) 5.1 2.4 5.3 8.3
 Count of Cos. 4,458 4,314 4,299 4,190
Non-financial Companies
 Income -5.5 -9.0 -37.4 -10.3
 Expenses -6.4 -5.0 -37.6 -14.0
 Net profit -13.9 -49.4 -55.7 29.9
 PAT margin (%) 5.7 3.3 4.5 8.1
 Net fixed assets 13.3 6.0
 Current assets 3.0 0.7
 Current liabilities 5.7 -3.2
 Borrowings 15.7 8.3
 Reserves & surplus 1.4 5.0
 Count of Cos. 3,311 3,228 3,222 3,154
Numbers are net of P&E
Updated on: 28 Nov 2020 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.4 0.3
 Expenses 9.9 13.7 0.9
 Net profit -40.5 21.9 -18.3
 PAT margin (%) 2.0 2.3 4.2
 Assets 10.9 9.5 9.3
 Net worth 7.5 8.6 4.8
 RONW (%) 3.5 4.2 6.0
 Count of Cos. 28,425 27,638 6,888
Non-financial Companies
 Income 8.7 13.9 -2.8
 Expenses 8.8 14.1 -1.7
 Net profit -9.1 23.0 -27.7
 PAT margin (%) 2.7 3.1 4.4
 Net fixed assets 7.2 5.5 13.2
 Net worth 6.1 8.4 1.7
 RONW (%) 5.6 6.8 7.5
 Debt / Equity (times) 1.0 1.0 0.8
 Interest cover (times) 2.1 2.4 2.8
 Net working capital cycle (days) 77 70 57
 Count of Cos. 23,077 22,402 5,084
Numbers are net of P&E
Updated on: 28 Nov 2020 11:22AM