India moving towards greater convertibility: RBI deputy governor

India is moving towards greater convertibility in its markets, according to Reserve Bank of India (RBI) deputy governor T Rabi Sankar. Full capital account convertibility opens up the country’s markets to global players including investors, businesses and trade partners. This allows easy access to capital for different businesses and sectors, positively impacting a nation’s economy. Sankar further stated that efforts to get the country included in global bond indexes and a move towards placing government securities under global custodians, once implemented, will encourage debt flows in the future. As per HSBC analysts, India’s inclusion in global indexes could materialise in 2022, bringing potential inflows of between USD 30 billion and USD 40 billion. Despite the move towards greater convertibility, Sankar cautioned of the risks involved including sudden reversals of flows among others.

References
1. https://economictimes.indiatimes.com/news/economy/policy/india-on-course-for-open-access-in-its-markets-rbi-deputy-governor/articleshow/87019545.cms
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.7 +0.4
Consumer Sentiments Index
Base September-December 2015
58.2 +0.3
Consumer Expectations Index
Base September-December 2015
60.6 0.0
Current Economic Conditions Index
Base September-December 2015
54.3 +0.8
Quarterly CapEx Aggregates
(Rs.trillion) Dec 20 Mar 21 Jun 21 Sep 21
New projects 1.50 2.20 2.55 1.11
Completed projects 0.87 1.17 0.73 0.93
Stalled projects 0.30 0.26 0.32 0.03
Revived projects 0.15 0.22 0.12 0.19
Implementation stalled projects 0.20 0.32 0.25 0.21
Updated on: 24 Oct 2021 3:28PM
Quarterly Financials of Listed Companies
(% change) Dec 20 Mar 21 Jun 21 Sep 21
All listed Companies
 Income 1.6 14.9 41.9 27.2
 Expenses 0.1 7.3 42.1 27.6
 Net profit 58.3 326.2 124.9 34.3
 PAT margin (%) 8.4 8.9 8.9 14.5
 Count of Cos. 4,451 4,364 4,352 320
Non-financial Companies
 Income 0.1 17.4 60.7 34.9
 Expenses -0.7 10.5 62.8 36.7
 Net profit 52.4 221.6 179.7 36.9
 PAT margin (%) 8.8 9.1 8.4 13.8
 Net fixed assets 2.3 8.9
 Current assets 4.4 28.6
 Current liabilities 0.8 9.7
 Borrowings -4.3 8.9
 Reserves & surplus 11.9 13.0
 Count of Cos. 3,299 3,252 3,251 233
Numbers are net of P&E
Updated on: 24 Oct 2021 3:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.3 0.2 -1.7
 Expenses 13.6 0.2 -4.3
 Net profit 15.2 -10.4 50.0
 PAT margin (%) 2.1 2.1 7.3
 Assets 9.8 8.5 12.9
 Net worth 8.5 4.5 13.7
 RONW (%) 3.8 3.5 9.0
 Count of Cos. 32,100 31,012 5,853
Non-financial Companies
 Income 14.0 -1.7 -4.1
 Expenses 14.2 -1.4 -6.2
 Net profit 21.2 -21.2 37.6
 PAT margin (%) 2.9 2.3 6.8
 Net fixed assets 5.6 10.0 2.6
 Net worth 7.9 2.1 11.6
 RONW (%) 6.4 4.9 9.9
 Debt / Equity (times) 1.0 1.1 0.7
 Interest cover (times) 2.3 1.9 3.7
 Net working capital cycle (days) 74 81 70
 Count of Cos. 25,659 24,739 4,261
Numbers are net of P&E
Updated on: 19 Oct 2021 1:55PM