Another fiscal stimulus package key to rekindle animal spirits
Simultaneously, primary issuance of bonds increased by 9 per cent. This trend is continuing in FY22 also, the report said.
Simultaneously, primary issuance of bonds increased by 9 per cent. This trend is continuing in FY22 also, the report said.
It has also taken into account growth in consumption of petrol by 10 per cent and that of diesel by 15 per cent in FY22 to arrive at fuel pricing and revenue loss figures.
In addition, the report highlighted that yearly SBI Composite Index has now reached 19-month high of 53.9 in November compared to 53 in October'20, and 50.8 in November'19.
In addition, the report said the current trends of Covid-19 infection shows that cases in India peaked in September.
Credit to NBFCs, however, jumped in August after 3 successive months of decline.
The gap between WPI and CPI is most often quoted as an example of the food induced increase in headline CPI.
The first quarter GDP contraction compares with 3.1 per cent growth in the preceding January-March quarter and 5.2 per cent expansion in the same period a year back.
As per the report, large procurement by the government may have resulted in 35-40 bps upward impact on inflation.
So far, around 1,000 listed entities have announced their results for the first quarter.
Accordingly, the report cited that India is dependent on China for a lot of products at the lower end of manufacturing.
