Govt's efforts, RBI's policy measures to temper inflationary pressures: FinMin

Government measures to keep prices of commodities such as crude and edible oil in check coupled with the recent increase in policy rates by the Reserve Bank of India (RBI) are expected to temper inflationary pressures in the economy, the Ministry of Finance stated in its latest monthly economic review. However, the ministry cautioned that the inflation trajectory in the coming months will be influenced more by the geopolitical situation, international commodity prices and supply chain management. Noting that inflation in India has a lesser impact on low-income strata than on high-income groups, the ministry observed that since aggregate demand was recovering gradually, the risk of sustained high inflation was also low. The capex-driven fiscal path of the government, as laid down in the Union Budget, will help the economy post a near eight per cent real GDP growth for the current fiscal, it added. With regard to forex reserve, the finance ministry stated that the reserve was at a comfortable level of USD 597.7 billion, providing an import cover of about 11 months for financing investment and consumption in the country.

References
1. https://www.thehindubusinessline.com/economy/inflation-in-coming-months-to-be-influenced-more-by-geopolitical-situation-global-commodity-prices-fin-min-report/article65407207.ece
2. https://www.business-standard.com/article/economy-policy/better-placed-than-peers-to-fight-inflation-finance-ministry-report-122051300004_1.html
3. https://economictimes.indiatimes.com/news/economy/indicators/rbi-government-actions-can-reduce-duration-of-high-inflation-finmin/articleshow/91525852.cms
4. https://www.financialexpress.com/economy/steps-by-rbi-govt-to-cut-duration-of-elevated-inflation-finance-ministry/2522806/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
8.0 +1.3
Consumer Sentiments Index
Base September-December 2015
68.4 +0.8
Consumer Expectations Index
Base September-December 2015
67.6 +0.9
Current Economic Conditions Index
Base September-December 2015
69.7 +0.7
Quarterly CapEx Aggregates
(Rs.trillion) Jun 21 Sep 21 Dec 21 Mar 22
New projects 2.94 3.26 3.53 5.91
Completed projects 0.71 1.28 2.76 1.15
Stalled projects 0.33 0.28 0.06 0.30
Revived projects 1.14 0.39 2.07 0.28
Implementation stalled projects 0.64 0.26 0.65 0.07
Updated on: 25 Jun 2022 8:28PM
Quarterly Financials of Listed Companies
(% change) Jun 21 Sep 21 Dec 21 Mar 22
All listed Companies
 Income 42.3 27.5 23.4 21.6
 Expenses 41.8 26.7 21.3 20.5
 Net profit 140.6 55.3 35.4 32.8
 PAT margin (%) 8.9 9.6 9.0 9.1
 Count of Cos. 4,564 4,690 4,733 4,508
Non-financial Companies
 Income 61.1 35.7 29.1 25.9
 Expenses 62.4 36.0 28.8 26.6
 Net profit 195.2 59.5 19.0 12.9
 PAT margin (%) 8.4 8.8 7.5 7.9
 Net fixed assets 4.9 2.2
 Current assets 10.8 15.3
 Current liabilities 0.8 11.7
 Borrowings 12.1 3.7
 Reserves & surplus 12.4 11.5
 Count of Cos. 3,336 3,387 3,428 3,280
Numbers are net of P&E
Updated on: 25 Jun 2022 8:28PM
Annual Financials of All Companies
(% change) FY20 FY21 FY22
All Companies
 Income 0.6 -1.1 13.6
 Expenses 0.4 -3.4 10.5
 Net profit -4.4 72.2 58.0
 PAT margin (%) 2.0 4.5 10.9
 Assets 9.0 9.7 9.3
 Net worth 4.8 11.7 9.9
 RONW (%) 3.4 6.9 13.5
 Count of Cos. 32,455 29,998 539
Non-financial Companies
 Income -1.2 -2.3 26.3
 Expenses -1.0 -4.4 25.6
 Net profit -20.8 63.5 42.2
 PAT margin (%) 2.2 4.2 13.8
 Net fixed assets 11.2 2.0 -1.9
 Net worth 2.2 10.7 11.2
 RONW (%) 4.7 8.0 22.6
 Debt / Equity (times) 1.2 1.0 0.3
 Interest cover (times) 1.9 2.5 10.3
 Net working capital cycle (days) 81 85 16
 Count of Cos. 25,743 23,675 386
Numbers are net of P&E
Updated on: 20 Jun 2022 11:46AM