Economists estimate 6.3-7.2% GDP growth for Q2FY23

Economists from banks, rating agencies and broking houses opine that India’s real GDP must have grown year-on-year in the range of 6.3 to 7.2 per cent in the second quarter of 2022-23 as compared to 13.5 per cent growth in the first quarter. This estimated slowdown in growth has been attributed to global slowdown and base effects. Economists believe that the the slowdown in global growth has started to impact India’s exports and industrial activity.

Forecaster Q2 real GDP growth estimate (%)
QuantEco Research 6.3
HDFC Bank 6.4
Crisil 6.5
ICRA 6.5
CARE Ratings 6.5
Bank of Baroda 6.5
India Ratings 7.2

References
1. https://www.business-standard.com/article/economy-policy/gdp-growth-may-have-beaten-mpc-s-estimate-of-6-3-in-q2-say-economists-122112101164_1.html
2. https://www.livemint.com/economy/gdp-growth-set-to-halve-to-6-5-in-q2-fy23-icra-11669022306693.html
3. https://www.thehindubusinessline.com/economy/crisil-revises-indias-gdp-forecast-for-fy23-down-from-73-to-7/article66163597.ece
4. https://economictimes.indiatimes.com/news/economy/policy/economists-factoring-in-a-slower-economic-growth/articleshow/95661807.cms
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
8.3 +0.7
Consumer Sentiments Index
Base September-December 2015
81.9 -0.2
Consumer Expectations Index
Base September-December 2015
81.6 0.0
Current Economic Conditions Index
Base September-December 2015
82.3 -0.6
Quarterly CapEx Aggregates
(Rs.trillion) Dec 21 Mar 22 Jun 22 Sep 22
New projects 4.04 8.60 4.88 3.53
Completed projects 2.86 1.32 1.18 1.33
Stalled projects 0.08 0.43 0.53 0.06
Revived projects 1.98 0.33 0.29 0.09
Implementation stalled projects 0.66 0.09 0.29 0.26
Updated on: 08 Dec 2022 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 21 Mar 22 Jun 22 Sep 22
All listed Companies
 Income 23.4 20.8 40.1 25.1
 Expenses 21.3 19.8 41.4 27.1
 Net profit 35.4 31.3 21.1 -3.0
 PAT margin (%) 9.0 8.8 7.2 7.7
 Count of Cos. 4,756 4,671 4,683 4,494
Non-financial Companies
 Income 29.3 24.8 50.1 27.8
 Expenses 28.8 25.7 52.9 31.5
 Net profit 19.2 9.8 8.3 -22.6
 PAT margin (%) 7.5 7.6 5.7 5.5
 Net fixed assets 2.0 3.9
 Current assets 15.0 19.3
 Current liabilities 11.7 10.8
 Borrowings 3.6 11.8
 Reserves & surplus 11.3 7.6
 Count of Cos. 3,439 3,387 3,414 3,330
Numbers are net of P&E
Updated on: 08 Dec 2022 8:28PM
Annual Financials of All Companies
(% change) FY20 FY21 FY22
All Companies
 Income 0.6 -0.9 25.8
 Expenses 0.4 -3.2 24.7
 Net profit -3.8 75.0 61.6
 PAT margin (%) 2.0 4.3 7.9
 Assets 9.0 9.9 9.9
 Net worth 4.7 12.0 14.2
 RONW (%) 3.4 6.8 11.8
 Count of Cos. 33,421 32,202 9,171
Non-financial Companies
 Income -1.1 -1.9 31.7
 Expenses -0.9 -3.9 31.5
 Net profit -20.4 62.2 60.2
 PAT margin (%) 2.2 3.9 6.9
 Net fixed assets 11.3 2.2 2.3
 Net worth 2.1 10.5 14.8
 RONW (%) 4.6 7.5 13.3
 Debt / Equity (times) 1.2 1.0 0.7
 Interest cover (times) 1.9 2.4 4.3
 Net working capital cycle (days) 82 88 55
 Count of Cos. 26,380 25,257 6,870
Numbers are net of P&E
Updated on: 05 Dec 2022 10:11AM