India's healthcare system not equipped to tackle Covid-19 spread: Fitch Solutions

by Nidhi Bhati

Despite several healthcare reforms, India’s healthcare sector is not equipped to tackle the rapid spread of the coronavirus, as per Fitch Solutions. Stating that the epidemic could be worse in India if it is not adequately contained, Fitch has called for increasing investment in the healthcare sector. The agency further highlighted that the unprecedented crisis has put India’s position as a global supplier at risk, the country has had to hold back vaccine exports in order to maintain domestic supply. Fitch also pointed out the vaccine rollout has been slow. So far, India has vaccinated only about one in 25 people, compared with nearly one in two in Britain and one in three in the United States.

References
1. https://www.business-standard.com/article/current-affairs/india-remains-badly-placed-to-tackle-covid-spread-fitch-solutions-121041600953_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.7 -0.4
Consumer Sentiments Index
Base September-December 2015
54.8 -1.0
Consumer Expectations Index
Base September-December 2015
56.6 -0.5
Current Economic Conditions Index
Base September-December 2015
52.0 -1.7
Quarterly CapEx Aggregates
(Rs.trillion) Jun 20 Sep 20 Dec 20 Mar 21
New projects 0.96 1.41 1.16 1.52
Completed projects 0.28 0.73 0.83 0.88
Stalled projects 0.11 0.08 0.31 0.14
Revived projects 0.68 0.29 0.11 0.14
Implementation stalled projects 0.09 0.07 0.15 0.30
Updated on: 06 May 2021 9:28AM
Quarterly Financials of Listed Companies
(% change) Jun 20 Sep 20 Dec 20 Mar 21
All listed Companies
 Income -27.7 -6.3 1.6 11.7
 Expenses -27.9 -10.3 0.1 6.6
 Net profit -40.5 47.2 57.7 53.3
 PAT margin (%) 5.2 8.3 8.5 13.3
 Count of Cos. 4,401 4,402 4,376 274
Non-financial Companies
 Income -37.4 -10.5 0.2 16.2
 Expenses -37.7 -14.2 -0.7 12.8
 Net profit -56.0 31.5 54.3 34.1
 PAT margin (%) 4.5 8.1 8.9 13.4
 Net fixed assets 5.9 9.2
 Current assets 0.7 11.1
 Current liabilities -2.7 -15.8
 Borrowings 8.3 -11.0
 Reserves & surplus 4.2 21.4
 Count of Cos. 3,267 3,267 3,253 200
Numbers are net of P&E
Updated on: 06 May 2021 9:28AM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.4 0.0 -6.4
 Expenses 13.8 0.0 -7.3
 Net profit 15.2 -10.4 0.9
 PAT margin (%) 2.1 2.1 10.0
 Assets 9.8 8.1 0.7
 Net worth 8.4 4.4 -0.1
 RONW (%) 3.8 3.5 11.7
 Count of Cos. 30,871 29,514 44
Non-financial Companies
 Income 14.1 -1.9 -6.7
 Expenses 14.3 -1.6 -7.8
 Net profit 21.7 -20.6 1.3
 PAT margin (%) 2.9 2.4 10.6
 Net fixed assets 5.6 9.4 -0.2
 Net worth 8.0 2.1 -0.2
 RONW (%) 6.4 5.0 13.2
 Debt / Equity (times) 1.0 1.1 0.1
 Interest cover (times) 2.3 2.0 21.9
 Net working capital cycle (days) 73 80 37
 Count of Cos. 24,702 23,523 36
Numbers are net of P&E
Updated on: 04 May 2021 1:37PM