India - The Economic Pathway: CARE Ratings
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CARE Ratings Research Report
Indian economy witnessed robust growth of 20.1% in Q1 FY22 aided by a statistical push.
Industrial output moderated 13.6% in June 2021 with weakening of the base effect core sector grew at 9.4% boosted by infrastructure spending.
Manufacturing purchasing managers' index dipped to 52.3 in August 2021 services PMI at 45.4 in July 2021, recording contraction for the third consecutive month.
Retail inflation eased to 5.6% in July 2021 and was back within the Reserve Bank of India’s band of 2-6%.
Wholesale inflation softened to a three-month low of 11.2% in July 2021.
Goods and services tax collections dip to Rs 1,12,020 crore in August 2021. E-Way bills marginally down to Rs 4.6 crore in August 2021.
The daily confirmed Covid-19 cases in India fluctuated during the month. Kerala emerged as a hotspot with the maximum active caseload of infections.
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