Confederation of Indian Industry (CII) President Sanjiv Bajaj believes that a pause in rate hikes would be a positive signal for the industry as high interest rate is constraining the manufacturing sector. According to him, the Reserve Bank of India (RBI) has already delivered the requisite doses of rate hikes to curb inflation and should now focus on growth. He further stated that in the short to medium term, job creation should be one of the main priorities for the government. Bajaj has recommended introducing an employment-linked incentive scheme on the lines of production-linked incentive (PLI) scheme in sectors like tourism, logistics and animation to create more jobs.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.7 | +0.1 |
Consumer Sentiments Index Base September-December 2015 |
|
89.0 | +0.2 |
Consumer Expectations Index Base September-December 2015 |
|
89.2 | +0.3 |
Current Economic Conditions Index Base September-December 2015 |
|
88.7 | 0.0 |
Updated on : 27 Mar 2023 12:00AM |
(Rs.trillion) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
New projects | 9.01 | 5.29 | 4.50 | 6.84 |
Completed projects | 1.34 | 1.17 | 1.39 | 1.69 |
Stalled projects | 0.43 | 0.54 | 0.08 | 0.01 |
Revived projects | 0.33 | 0.29 | 0.16 | 0.68 |
Implementation stalled projects | 0.09 | 0.29 | 0.28 | 0.11 |
Updated on: 28 Mar 2023 9:28AM |
(% change) | Mar 22 | Jun 22 | Sep 22 | Dec 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 20.8 | 40.1 | 25.2 | 16.5 |
Expenses | 19.8 | 41.4 | 26.9 | 16.4 |
Net profit | 31.6 | 21.2 | -1.2 | 6.5 |
PAT margin (%) | 8.8 | 7.2 | 7.6 | 8.3 |
Count of Cos. | 4,707 | 4,750 | 4,703 | 4,512 |
Non-financial Companies | ||||
Income | 24.8 | 50.1 | 27.8 | 14.9 |
Expenses | 25.7 | 52.9 | 31.2 | 15.5 |
Net profit | 10.1 | 8.4 | -21.4 | -9.1 |
PAT margin (%) | 7.6 | 5.7 | 5.5 | 6.0 |
Net fixed assets | 2.0 | 4.1 | ||
Current assets | 15.0 | 19.0 | ||
Current liabilities | 11.6 | 10.4 | ||
Borrowings | 3.6 | 12.4 | ||
Reserves & surplus | 11.2 | 6.8 | ||
Count of Cos. | 3,407 | 3,441 | 3,431 | 3,333 |
Numbers are net of P&E | ||||
Updated on: 28 Mar 2023 9:28AM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.1 | 26.6 |
Expenses | 0.3 | -3.3 | 25.6 |
Net profit | -2.9 | 73.9 | 63.9 |
PAT margin (%) | 2.1 | 4.5 | 6.7 |
Assets | 8.9 | 10.8 | 10.0 |
Net worth | 4.9 | 11.9 | 14.2 |
RONW (%) | 3.5 | 7.0 | 11.2 |
Count of Cos. | 32,302 | 31,154 | 17,502 |
Non-financial Companies | |||
Income | -1.0 | -2.1 | 30.8 |
Expenses | -0.8 | -4.0 | 30.4 |
Net profit | -19.7 | 61.6 | 61.4 |
PAT margin (%) | 2.3 | 4.0 | 5.8 |
Net fixed assets | 11.5 | 2.5 | 2.4 |
Net worth | 2.3 | 10.5 | 14.7 |
RONW (%) | 4.8 | 7.7 | 12.2 |
Debt / Equity (times) | 1.1 | 1.0 | 0.8 |
Interest cover (times) | 1.9 | 2.5 | 3.8 |
Net working capital cycle (days) | 74 | 81 | 62 |
Count of Cos. | 25,547 | 24,467 | 14,565 |
Numbers are net of P&E | |||
Updated on: 27 Mar 2023 9:58AM |