CEA projects double-digit GDP growth for India in 2021-22

Chief Economic Adviser (CEA) K V Subramanian expects India to achieve double-digit GDP growth in 2021-22 on the back of policy initiatives and continuing reforms. According to him, the overall growth for the first half is positioned at 13.7 per cent and with a little over six per cent growth in subsequent quarters, the country would be successful in delivering double-digit growth. Growth in 2022-23 is projected between 6.5 to 7 per cent and over seven per cent thereafter. Subramanian also believes that the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. Also, a likely tightening of monetary policy by the Federal Reserve may not prompt the RBI to follow suit as inflationary pressures are contained for now, he asserted.

References
1. https://economictimes.indiatimes.com/news/economy/policy/india-to-log-double-digit-growth-this-fiscal-cea-k-v-subramanian/articleshow/88012046.cms
2. https://www.business-standard.com/article/economy-policy/amid-low-inflation-cea-sees-no-impact-on-rbi-policy-as-fed-turns-hawkish-121120100822_1.html
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.1 +1.9
Consumer Sentiments Index
Base September-December 2015
59.0 0.0
Consumer Expectations Index
Base September-December 2015
60.4 0.0
Current Economic Conditions Index
Base September-December 2015
57.0 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 21 Jun 21 Sep 21 Dec 21
New projects 2.36 2.74 2.25 2.51
Completed projects 1.17 0.74 1.18 1.52
Stalled projects 0.28 0.33 0.03 0.03
Revived projects 0.23 0.12 0.28 0.39
Implementation stalled projects 0.34 0.38 0.25 0.66
Updated on: 18 Jan 2022 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 21 Jun 21 Sep 21 Dec 21
All listed Companies
 Income 15.1 39.2 27.9 15.7
 Expenses 7.4 38.6 27.3 17.2
 Net profit 337.8 142.5 52.6 9.3
 PAT margin (%) 8.8 9.0 9.6 19.5
 Count of Cos. 4,401 4,495 4,545 122
Non-financial Companies
 Income 17.8 56.1 36.1 18.0
 Expenses 10.7 57.1 36.6 21.6
 Net profit 222.4 199.3 59.5 3.5
 PAT margin (%) 9.0 8.5 8.8 18.2
 Net fixed assets 2.3 4.9
 Current assets 4.3 11.0
 Current liabilities 1.2 0.9
 Borrowings -4.5 12.2
 Reserves & surplus 11.7 12.4
 Count of Cos. 3,247 3,301 3,304 89
Numbers are net of P&E
Updated on: 18 Jan 2022 8:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.4 0.6 -1.5
 Expenses 13.8 0.4 -4.1
 Net profit 12.7 -6.9 62.0
 PAT margin (%) 2.0 2.1 5.7
 Assets 9.9 8.8 10.7
 Net worth 8.2 4.5 13.3
 RONW (%) 3.6 3.5 8.2
 Count of Cos. 32,530 31,471 11,634
Non-financial Companies
 Income 14.2 -1.2 -3.0
 Expenses 14.3 -0.9 -5.3
 Net profit 22.1 -21.1 49.3
 PAT margin (%) 2.8 2.3 5.3
 Net fixed assets 6.0 11.2 1.5
 Net worth 7.8 2.2 11.0
 RONW (%) 6.3 4.9 9.1
 Debt / Equity (times) 1.0 1.1 0.8
 Interest cover (times) 2.2 1.9 2.8
 Net working capital cycle (days) 74 81 80
 Count of Cos. 25,943 25,015 8,657
Numbers are net of P&E
Updated on: 18 Jan 2022 2:48PM