World Bank lists 3 focus areas to boost local economic development

by Yash Shah

The World Bank said that there is a need to focus on comprehensive support to transform local economies during and after the pandemic for long term economic recovery and resilience. They added that the local economic development approach in the rural context can have three focus areas such as territorial focus to capitalize on the strengths of a specific region or area, linking poor people to value chains with potential, and investments that promote the local business environment with improvements in internet access, electricity, and core infrastructure. It also hailed the initiative taken by India towards women’s self-help groups (SHGs) through the World Bank-supported National Rural Livelihoods Mission for the production of masks and hand sanitizer, dissemination of vital public health information, and preparation of food for distribution in community kitchens.

References
1. https://www.financialexpress.com/economy/world-bank-says-local-economic-development-is-need-of-hour-lists-out-these-3-focus-areas-rural-livelihood-recovery/2090879/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.8 +1.3
Consumer Sentiments Index
Base September-December 2015
50.0 0.0
Consumer Expectations Index
Base September-December 2015
51.9 0.0
Current Economic Conditions Index
Base September-December 2015
47.1 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Dec 19 Mar 20 Jun 20 Sep 20
New projects 5.55 3.95 0.71 0.68
Completed projects 1.66 1.75 0.24 0.64
Stalled projects 0.61 0.77 0.11 0.08
Revived projects 0.83 0.42 0.68 0.34
Implementation stalled projects 0.13 9.78 0.09 0.03
Updated on: 21 Oct 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 19 Mar 20 Jun 20 Sep 20
All listed Companies
 Income -1.7 -4.9 -27.9 4.1
 Expenses -2.2 -1.8 -28.3 1.2
 Net profit -10.8 -47.3 -38.4 9.0
 PAT margin (%) 5.1 2.4 5.5 17.5
 Count of Cos. 4,435 4,264 4,155 138
Non-financial Companies
 Income -5.5 -8.9 -38.0 3.6
 Expenses -6.4 -4.9 -38.2 -0.5
 Net profit -13.9 -48.2 -57.2 10.8
 PAT margin (%) 5.7 3.4 4.4 18.1
 Net fixed assets 13.3 31.9
 Current assets 3.0 4.2
 Current liabilities 4.9 -1.2
 Borrowings 14.7 14.8
 Reserves & surplus 2.1 18.6
 Count of Cos. 3,311 3,216 3,134 101
Numbers are net of P&E
Updated on: 21 Oct 2020 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.3 0.6
 Expenses 9.9 13.5 1.2
 Net profit -40.4 22.3 -19.0
 PAT margin (%) 2.0 2.4 4.4
 Assets 10.9 9.3 9.4
 Net worth 7.5 8.6 5.0
 RONW (%) 3.5 4.3 6.1
 Count of Cos. 27,922 27,039 4,480
Non-financial Companies
 Income 8.6 13.8 -2.8
 Expenses 8.8 14.0 -1.6
 Net profit -9.0 23.5 -28.4
 PAT margin (%) 2.7 3.2 4.7
 Net fixed assets 7.2 5.4 13.8
 Net worth 6.1 8.5 1.9
 RONW (%) 5.7 6.9 7.6
 Debt / Equity (times) 1.0 0.9 0.7
 Interest cover (times) 2.1 2.4 2.9
 Net working capital cycle (days) 77 70 56
 Count of Cos. 22,629 21,863 3,354
Numbers are net of P&E
Updated on: 20 Oct 2020 9:02AM